According to the SEC, Ambassador Advisors generated at least $777,000 in fees by investing in 12b-1 share classes when other share classes were available for the same mutual fund.
Instead, retail investors are moving toward buying mutual funds and ETFs, which have roughly doubled their holdings of municipal securities over the last decade.
Private equity firms Clearlake Capital Group and Motive Partners announced the acquisition of Beta+ this week and plan to use the tech to enhance wealth management firms they already own.
The Securities and Exchange Commission wins its case against Jonathan Dax Cooke for fraudulently selling variable annuities to hundreds of federal employees.
The asset manager is jumping into liquid alternatives, citing its clients' interest in diversifying.
The firm's CEO said the war will prompt countries to reconsider their reliance on traditional money and payment systems.
Dempsey Lord Smith and BD4RIA were negligent in 2018 when they failed to inform clients that GPB had missed a deadline for filing financial information, according to Finra.
The state claims U.S. Data Mining Group sold $4 million in unregistered securities to Massachusetts investors.
Rising inflationary pressure around the world is fueling concerns about the ability of the global economy to weather any sustained period of higher financing costs.
The tool will help participants in the firm's SmartRetirement funds withdraw a portion of the money they have invested each year after they retire.
We need to understand new technologies and combat the fear of missing out on the hottest investment category, which has been cryptocurrencies.
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.
