Two long-standing rules "detested" by millions of public-sector workers for the reductions they make to Social Security benefits may soon go away at a cost of $190 billion.
A few things that stand out in a unique and pivotal year are the fast pace of dealmaking, the rise of active ETFs, and a few regulations that are hitting a brick wall.
The companies admitted the SEC's findings and made remedial efforts to fix their "blue sheet" transaction reporting, the regulator said.
Finra orders on Friday noted that the companies proactively corrected errors following exams in 2020 that found customers were not properly given rights of reinstatement for mutual fund share purchases.
The targeted shooting and killing of UnitedHealthcare's CEO sparked an outcry over health insurance practices. Shareholder advocates have pressed companies on ESG issues before, but not on claim denials.
Fewer are calling their strategies "ESG," but fund companies and institutional investors told US SIF they see the category growing over the next couple years.
Americans estimate the value of their digital assets in the hundreds of the thousands of dollars. Advisors don't all bring it up, but digital estate planning is timely, especially with bitcoin exploding and a major social media site approaching a ban.
It takes as little as 10 hours to become proficient at using generative AI, researchers say. Advisors who do that now will be at an advantage as the technology expands.
Jean Heath, former principal director of asset management relations, will help Clearstead sell its newly acquired SMA services, a big step the firm has made in the high-end wealth-management business.
“It’s probably the most important issue relating to investor justice,” the SEC's ombudsman said at the Investor Advisory Committee meeting Tuesday.
