Firm Hit With Reg BI Fine Over Private Placements
By Melanie WaddellFINRA fined Cova Capital Partners for recommending three private placements that weren't suitable for some investors.
February 27, 2025
Betterment Launches Solo 401(k) Solution for Indie Advisors and Business OwnersThe financial advisory firm's digital retirement product features paperless account opening and no setup fees.
February 27, 2025
Unum Finds Reinsurer for Block of Individual Long-Term Care PoliciesThe deal could eventually help increase the supply of new long-term care planning products.
February 27, 2025
State Street, Apollo Debut Private-Debt ETF in Breakthrough“This represents a seismic shift,” wrote Morningstar analyst Brian Moriarty.
February 27, 2025
Senate Panel OKs Labor Secretary NomineeThe Senate HELP Committee voted 14-9 Thursday to approve the nomination of Lori Chavez-DeRemer.
February 26, 2025
Robinhood Closes TradePMR AcquisitionAcquisition of the $40 billion RIA platform aims to accelerate Robinhood’s delivery of investment advisor capabilities to clients.
February 26, 2025
This New Definition Could Hurt Some Annuity Issuers' Safety ScoresAn analyst thinks tougher rules could hit structured securities harder than private credit.
February 26, 2025
Social Security Administration May Face 50% Workforce CutThe acting SSA chief requested that managers present a plan for a 50% staff reduction, The American Prospect reports.