The penalty, a steep discount from what the SEC originally demanded, resolves claims that Musk's late filing let him purchase shares at artificially low prices before his $44 billion takeover.
“If the court accepted UBS’s argument, it would open the courthouse doors to every losing party following an arbitration award of punitive damages,” a federal judge wrote.
He told TIAA he wasn't soliciting clients. Then three of them called the firm.
PE-linked deals accounted for nearly three-quarters of all activity, while US firms accelerated their international push into European and Australian markets.
BlackRock study shows shift from growth to preservation as gaps persist across plans
UBS report finds $83T shift driven by early engagement, governance gaps, and evolving priorities.
But competing wealth management firms have been doing their best to recruit away Commonwealth advisors.
Meanwhile, a $350 million UBS group launches their own firm with Sanctuary, while advisor-owned hybrid Ameriflex targets succession continuity with a national single-source platform.
A 17-person ensemble led by top-ranking next-gen advisors, the Taylor Group's addition gives Wells Fargo Advisors one of its largest New York City recruits in recent memory.
The AI-driven next step in how advisors manage investments may be coming “faster than any of us think,” says Osaic’s Shannon Reid.
A federal court ruling has opened a narrow window for taxpayers to reclaim penalties and interest assessed by the IRS during the pandemic.
JPMorgan, KKR, Ares and Cliffwater also announce senior appointments across wealth and alternatives business lines.
Beyond their "breaking free" moment, advisors leaping into independence need to build – or tap – a sound operating system to support truly lasting growth.
Research highlights generational differences and a shared need for broader financial guidance from advisors.
Suit claims Apollo's "no business with Epstein" line collapses against newly released DOJ files
Bain Capital has joined Osaic's existing investors Ares and Lexington Partners.
Advisors can prompt the Perplexity Computer to flag concentrated stock exposure, scan portfolios for idle cash, or send alerts when geopolitical events could impact commodities tied to client holdings.
Miles Burton Marshall faces up to 12 years in prison when sentenced in June.
With Kalshi and Polymarket at the center of insider trading allegations, Congress is moving on multiple fronts to rein in the fast-growing industry of event contracts.
Bradley Heppner was close to $25 million over budget on refurbishing his Dallas mansion, according to contractor.
