The wirehouse disputes the damages and asserts the case is not indicative of how other arbitration panels may rule on the investment products.
The overturned Trump regulation would have provided certainty to independent brokers and advisers, FSI said. But an advocacy group says DOL has the authority to go in a different direction.
The historic government spending, combined with wage pressures, could be the catalyst for runaway inflation, according to experts. The S&P 500 Index, which is still up 9.5% from the start of the year, fell by nearly 4% early this week.
The record-breaking boom in clean energy funds is rapidly giving way to a bust; since the beginning of May, about $154 million has been pulled from clean energy ETFs.
In fact, some of the largest DAF providers in the country have made significant strides over the past three years to offer donors greater flexibility to choose investments aligned with their personal values and philanthropic intent.
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