Companies and advisors who breach the fiduciary rules also face excise taxes and possible class-action suits.
John Masanotti Jr. spent client money on home mortgages, luxury cars and country club expenses, prosecutors said.
Kalyn Walker joined Raymond James & Associates in San Diego after nine years at UBS.
The sector has lagged the market over the past 10 years, the group said in a research report.
Market-wide, high-yield muni funds have gained $5.7 billion this year.
Various technology firms have sparked rallies this year by introducing quarterly payouts.
The acquisition of the Kirkland, Wash., firm expands Edelman's footprint in the Pacific Northwest.
Companies are shoring up their bottom line, cutting costs and stockpiling cash.
So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum...
The Macro Institute advocates for a long-term investment outlook that focuses on worldwide trends.
About 25 companies on the exchange have had IPOs this year, she said.
The majority of unprofitable growth stocks are tech-related, the firm says.
A tech-fueled rally is luring investors back to the world's second-largest economy. But will it last?
The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.
The acquisition of management-owned Envoi of Minneapolis is expected to close in the third quarter.
In the wake of the pandemic, more clients are seizing the moment and putting their money to use before they die.
The Biden administration wants to preserve tax breaks that were given to the middle class, he said.
The psychological adjustment to receiving a lot of money can take years, they say.
His technique for predicting price changes was so successful that he became known as the Quant King.
The Glaser Group of Nashville, Tenn., is led by Louis Glaser with his two sons as vice presidents.