MassAve and its CEO misled investors about its holdings and exposures, the regulator said.
Muni-bond sales have hit $183 billion so far in 2024.
The latest legal challenge was launched by nine annuity and insurance trade groups.
Clients need to consider trust strategies as the expiration date on TCJA tax reforms draws nearer, advisors say.
But consumers' perceived likelihood of a recession in the next year rose for a second consecutive month.
A mass defection at Barings LLC over compensation has startled the industry.
Investors have little incentive to short the market as stocks push to new highs.
Firms across the spectrum have spent months preparing for the change.
Rates have defied expectations to come down, upending major life plans in the process.
Colonial First State sees elevated inflation rates for the next five to seven years.
The House already approved the legislation, which would also lead to more advisors being designated as "small."
U.S. central bankers have raised the longer-run neutral rate as a central topic for policy discussion this year.
Illiquidity among big institutions and the affluent is striking, he said.
The SEC has signed off on funds tied to the second-biggest cryptocurrency.
A pension expert says millions will find they can't afford to quit their jobs.
The current market expectation is for the Fed to deliver one or two quarter-point rate cuts this year.
The REIT has put tight restrictions on investors' ability to withdraw money.
The reversal underscores the market's belief that caution reins at the Federal Reserve.
The bank's chief strategist says equity markets may be cresting.
The industry is dealing with tenewed competition from banks and lagging demand for private capital.
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