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It was the first payment of a total $306 million that the Commission will make. Since the passage of the Sarbanes-Oxley Act in 2002, the SEC has returned more than $3.2 billion to injured investors through fair fund distributions.
“We are very pleased to begin distributing the MFS fair fund to investors injured by past market-timing misconduct,” said David Bergers, director of the SEC’s Boston regional office.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
