Banco Popular de Puerto Rico

America’s original discount broker will now have even more sway over the sector it pioneered nearly a half-century ago.

The 2017 Republican tax law approximately doubled the estate and gift tax exemption.

Brokerage firms that sell the funds must determine whether clients understand their risks — a requirement that could discourage offering them at all.

At a meeting last year, the firm’s CEO discussed how behavior would be held to a higher standard than rank-and-file employees, people familiar with the matter said.

The Wall Street executive founded three companies, including private-equity firm Lightyear Capital.

Jeff Smith's dismissal was first announced in a memo by CEO Larry Fink and President Rob Kapito, who only said the executive had violated corporate policy.

The fund will track an index that divides the industry into five categories: pharmaceuticals, testing and analytics, cultivators, hemp and ancillary business.

The four new types of funds use a so-called proxy basket and will publish some information about their portfolios every day.

The advisors had won $1.6 million in back pay and fees in a case decided last month.

The Chase Wealth Management and J.P. Morgan Securities operations will become one unit with $400 billion in assets.