Moody’s forecasts that the rate will continue to decline for the remainder of the year, finishing at 2.1% vs 2.8% last month
David Gary Durno implemented an active trading strategy for two senior clients that “generated large commissions for himself and his firm but reduced client profits”
The new requirement would introduce “specific obligations” that would expand financial planners’ obligation to prioritize their clients’ interests
Fidelity’s recent launch of two zero-fee index mutual funds highlights the revenue pressures facing traditional investment managers, report states
Canadian investors don’t have easy access to these products, nor do they have much price transparency, the exchange says
The report finds a high level of concentration at a small number of CCPs
The new rules consolidate the existing capital treatments, introduce new credit risk capital charges and include updated credit risk factors for securitized assets
Banks, insurers and other financial services firms will have to comply with certain provisions of the new cybersecurity rules
The group argues that the proposed rule, as it stands, is too weak in certain respects and too ambiguous in others
U.S. study finds brokerages’ apps to be much weaker than conventional banking apps