The fine and restitution to customers stem from sales of two alternative investments, the LJM Preservation & Growth Fund and private placements issued by GPB Capital Holdings.
The results from the most recent InvestmentNews survey shows sentiment is turning south.
The Vermont Department of Financial Regulation said at least 40 customers in the state complained.
Sen. Sherrod Brown says PE has a track record of 'undermining pension and retirement programs.' The American Investment Council praises PE stewardship of insurance firms.
The DOL has clarified its earlier advice on this topic, stressing the responsibility of fiduciaries whose plans offer private equity investments.
The digital alternative investment provider Yieldstreet launched a new art equity fund with exposure to contemporary international artists like Banksy and Takashi Murakami.
Some market watchers see the quarter-point hike as not enough to slow inflation or economic growth.
For the year, policy sales were up 5%, which is the highest annual growth since 1983, according to Limra.
A new report shows that even a brief period of inflationary pressures will have long-term impact on expenses.
Vanguard was forced to sell as much as 15% of the assets in retail target-date funds, resulting in substantial capital gains taxes for investors who held the funds in taxable accounts, the lawsuit asserts.
Asset managers said they would favor access to more consistent data, while governments appeared to be split on how, if at all, MSRB should try to improve ESG reporting.
KraneShares CSI China Internet Fund slumped more than 11% Monday, bringing its decline over the past three days to 28%.
In an unusual aspect of the investors' claim and subsequent award against First Allied Securities, the $2.66 million in damages requested matched the amount the three arbitrators awarded.
As inflationary pressures mount, retirement savers are looking for solutions that offer growth opportunities while limiting downside risk.
With most broad market indexes nestled into correction territory, financial advisers are steering clients toward Roth conversions in a tax management move.
The firm's applications related to the DoubleLine Opportunistic Bond ETF and the DoubleLine Shiller CAPE U.S. Equities ETF have been granted 'effective immediately.'
Every ETF focused on Russian stocks will soon be suspended, a kind of shutdown that never resulted from previous events like the Arab Spring or even Covid.
The agency 'has serious concerns about the prudence' of exposing plan participants' retirement savings to investments that carry 'significant risks of fraud, theft, and loss.'
The regulator is assessing the risks that may arise when retail investors purchase complicated investments without the help of a financial adviser.
The deal, which will close later this month, pushes the assets on iCapital's platform to more than $118 billion.
