Cites trade wars and political uncertainty as main reasons for downgrade.
Escalation of the trade war heightens concerns about the already shaky economic outlook.
South Texas Money Management has 60 employees and offices throughout Texas.
The jump is a welcome shift for Wall Street underwriters and mutual-funds that have cash they need to invest.
The mishap raises new questions about how ETF managers monitor the indexes that underlie their portfolios.
Employee savings rate also hit a record in Q2 at 8.8%
James L. Beyersdorf also will disgorge $232,000 and pay $189,000 in fines.
Combined RIA firm will have nearly $1 billion in discretionary assets.
Commissioners vote 3-2 to issue guidelines on fund managers' responsibilities in dealing with proxy advisers
Since the bank began its hunt for a leader to replace Tim Sloan, the stock has slipped into the red for the year
