New class-action securities lawsuits not involving mergers and acquisitions totaled 117 in the first half of the year, down 18% from the second half of 2019, according to a report by Cornerstone Research.
Despite the decline, the total number of filings is high based on historical averages, Cornerstone said.
Not surprisingly, the report said, “allegations related to issuers’ responses to Covid-19 began appearing in filings in mid-March.”
Suits against issuers of cryptocurrencies and cannabis companies continued in 2020, it noted.
Also, Nitrogen has added Indivisible Partners to its integration network, while Wealthtender unveiled an AI-focused update to help boost advisors' online presence.
The giant hybrid RIA's latest East Coast move adds $175 million in recruited assets as it looks to offset broader advisor attrition.
Regulator is asking for feedback on how this might work.
President says he has a ‘couple of people in mind’ for central bank role.
Wall Street firm partners with Dutch online broker to fuel push into EU market.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
