SEC Orders Robo-Advisor to Pay $300K for Misleading Clients
By Jeff BermanWahed Invest allegedly advertised nonexistent proprietary funds and falsely promised clients it would rebalance their accounts.
February 11, 2022
Ex-Schwab Rep Who Bilked His Dad, Other Clients Gets 16-Plus Years in PrisonThe former broker pleaded guilty to defrauding 12 investors out of more than $3.3 million.
February 11, 2022
Consumer Federation of America Names an Insurance Director: Personnel MovesLibra, Mountain Life, Kuvare and Washington state also have personnel change news.
February 11, 2022
Apollo CEO Questions Other Private Equity Investors' Life StrategyMarc Rowan says life insurers need capital from investors with a long-term outlook.
February 11, 2022
Guardian Acquires a Minority Stake in Asset ManagerThe life insurer says it will provide HPS with a "strategically important amount of capital to invest."
February 11, 2022
DOL Seeks Feedback on Climate Risk in Retirement PlansOne question is if any annuities help savers manage climate-related financial risk.
February 11, 2022
Wirehouse Advisors Are Still Proving Their Worth: CerulliFirms in other channels can take cues from them on advisor retention and growth strategies, Cerulli writes.
February 10, 2022
Aegon Sees Strong Annuity Buyout DemandThe company also says it expects the United States to face about 300,000 COVID-19 deaths this year.