The advisor, Ryan R. Riley, also pleaded guilty in a criminal manner and was ordered to pay restitution of at least $434,000.
The funds are the brainchild of the manager behind anti-ARK ETF, which gave investors an easy way to wager against Cathie Wood's flagship strategy.
Investors can now buy and sell stocks and fractional shares with zero trading commissions, marking a shift from the company's previous emphasis on the value of passive investing.
There were 562 buy-out contracts last year, 34% higher than the number of sold in 2021 and breaking the previous record set in 2019.
A Cerulli report shows how the so-called smart money is generally increasing exposure to active strategies.
According to investment bank Robert A. Stanger & Co. Inc., January nontraded REIT sales to retail investors totaled just $596 million.
Last week, the iShares Short Treasury Bond ETF had the biggest weekly influx since the depths of the pandemic in March 2020.
The annuity sector trade association is advocating for legislation that would mandate retirement plans for small employers that don't have them, as well as bills that would increase the use of annuities.
The firm, which has been a dealmaking machine since it launched in 2004, will go private as a result of its acquisition by private equity manager Clayton Dubilier & Rice.
Stephen Laipply, US head of fixed-income ETFs at BlackRock, explains why now is a once-in-many-years opportunity to rebalance 60/40 portfolios.
After leaving Thomas H. Lee Partners in 2006, he started another firm, Lee Equity Partners, that made a handful of significant transactions in wealth management shops.
In 2020, the global real estate market had a value of more than $326 trillion, which is more than the value of all the stocks and bonds in the world.
A net total of $3.1 billion flowed into the country’s sustainable investments last year, and these funds shed nearly $6.2 billion in the final stretch of 2022.
Lee invested more than $15 billion in hundreds of transactions as of 2020, which included his best-known transaction, the 1992 purchase of Snapple Beverage Corp.
While the popular guideline is a good starting point, inflation and rising interest rates are factors that change the game when it comes to retirement withdrawals.
JPMorgan Asset Management’s Bryon Lake projects that active ETFs in the US will grow over the next five years to $3 trillion from $384 billion currently.
Clients are being advised to build up their cash positions, reduce equity risk and load up on high-quality fixed income.
Survey suggests Americans would embrace AI investing; plus news on Facet and Interactive Brokers.
The SEC has proposed using swing pricing and a hard close for share purchases to protect investors during market meltdowns. Critics warn changes could ruin mutual funds.
A relatively smoother ride in the financial markets this year should allow advisors and their clients to breathe a sigh of relief.
