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The rule grew out of a major 2009 New York state pension scandal involving bribes and kickbacks for pension contracts and gets applied in SEC sweeps
The $5-trillion RIA custodian doubles down by standing up for thousands of legacy TD Ameritrade clients – possibly as part of mandate but surely with risk – as rivals employ cream-skimming strategy to lure lucrative, giant RIAs.
The Vanguard CEO posted a letter with brokers ahead of a [Tues.] Nov. 4 vote that came about because fund holdings like JP Morgan are too technically concentrated for the SEC -- forcing expensive 'synthetic' holdings to stay in compliance
Known for its 'Bogle' scruples, the Malvern giant zigged to marketing one thing and doing another as the SEC zagged toward heightened 'activity' in curbing that behavior, says Michael Kitces
After 11 years at Nuveen, Bill Stout is Vanguard's alts man of the moment • Betting a 'no-brainer' for Robinhood exec. • Bain Capital protegé is new Envestnet CFO • CRM shop adds AI to keep up with CRM Joneses • SEC prevaricates over controversial Trump ETF • 640 ETFs launched in 2025.
The DOL says it is being directed to loosen up fiduciaries to apply best judgment when selecting investments without fear of legal ramifications.
Analysts remain baffled why State Street and the Securities and Exchange Commission are leaving the essential liquidity issue unresolved.
Morningstar, Micah Hauptman, industry executives and attorneys all said in October that State Street and Apollo didn't seem to have basic boxes checked -- and the SEC dropped the hammer
A Hollywood RIA took on Focus and Goldman, and lost • Reed Colley is already in the house • The SEC dings Robinhood, Schwab and Vanguard Group, and FINRA dings Fidelity • Vanguard & Schwab launch ETFs • BlackRock plots mixing alts & annuities in a TDF • Dynasty adds golf exec in HR hire • iCapital buys 'AI' KYC shop • Larry Shumbres start-up off to the races • Wealthfront's media guru departs.
The Washington regulator nailed RIAs with misuse of award mentions, using the new Marketing Rule as cudgel after declaring false advertising a 2024 priority
Wall Street brokerages and SIFMA won the SEC over to a suitability standard with a false label, and advisors are left with a public perception still in line with car salesmen, says Rostad, a fiduciary expert.
The SEC head bent to the will of the Stamford, Conn, fund firm's lawsuit and rivals -- BlackRock, Fidelity and eight others -- piled on for the ride, but ETF price spreads are wide and likely headed for a shakeout.
Vanguard's threatened penalty fee is 200 basis points, an anomaly and symptom of previous failed efforts by the SEC to stem MMF runs after the 2008 financial meldown and 2020 COVID lockdown; will the third time be the charm if Middle East war goes regional?
The $9-trillion asset management giant is betting its Bitcoin application -- the 33rd lodged with the SEC -- will finally clear all hurdles.
Fed up SEC is ready to take on all nonsense at once; stock shocks, Orwell's new name game; Fidelity hosts a line dance
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