A federal judge in New York has thrown out an antitrust lawsuit seeking to block the $26 billion takeover of TD Ameritrade Holding Corp. by the Charles Schwab Corp.
District Judge Gregory H. Woods said the suit, brought by BlackCrown, an Old Westbury, N.Y.-based registered investment adviser, violated federal procedure because it was not filed by an attorney, as is required for corporate entities bringing suits.
The judge said the suit could be refiled if BlackCrown is represented by a lawyer.
BlackCrown Chief Executive Franklin Tsung signed the complaint as a pro se litigant, meaning that he was representing himself.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
