Fraudulent-'wire' claims bedevil RIAs and their E&O insurers in 2023 -- and investors also asked for RIAs to compensate them for reliance on bonds as 'safe' asset
Some insurers saw a spike in 2022 claims although exerience varied, and impact was mitigated by shared risk.
Author Lisa Shidler March 14, 2024 at 3:38 AM
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Brooke Southall and Keith Girard contributed to the editing of this article.
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MarketCounsel | HamburgerLaw
Compliance Expert, RIA Set-up Firm, Regulatory Consultant
Top Executive: Brian Hamburger
Starkweather & Shepley Insurance
Insurance
Top Executive: Andrew Fotopulos
