Banco Popular de Puerto Rico

“It is shocking — never seen anything like it in my 40 years as a lawyer,” the wealth manager's attorney said.

The ETF’s debut marks the first big entrant into the zero-cost space with the potential to shake up products from BlackRock, State Street and Vanguard.

Fund managers may be better equipped to weather the market storm than their passive peers because of their ability to quickly cut risk.

The richer they are, the more options clients have to insulate themselves from the coronavirus and its effects.

Customers criticized the company on Twitter, with some saying they were unable to place orders.

The employee “is at home while their health is being closely monitored by their doctor and public health authorities,” a spokeswoman for the bank said.

Even with staff working from home, the agency “remains able and committed to fully executing its mission," the SEC said.

The regulator is giving firms more flexibility in supervising employees working remotely and in relocating personnel to temporary locations.

The bank says it has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund.

Few clients think to look at the impact of capital gains on their mutual funds.