Earlier this week, a U.S. district court in New York state dismissed a consolidated lawsuit that had sought to halt implementation of the U.S. Securities and Exchange Commission’s (SEC) Regulation Best Interest (Reg BI) rule.
It is with immeasurable sadness that we share the news that Jud Bergman, our Chairman and Chief Executive Officer, passed away as the result of a terrible car accident on Thursday, Oct. 3. His wife, Mary Miller, also sadly perished in this tragedy. As Envestnet’s founder, Jud was a remarkable leader whose vision, brilliance and drive built the foundation for Envestnet’s success.
Normally, news of a sitting U.S. congressman resigning from office just before he pleads guilty to insider trading charges would consume much of the conversation inside the Beltway. But these, of course, are not normal times.
Imagine you knew exactly which stocks to pick a decade ago, the ones that would do best during the rally. What would life have been like on the way to world-beating gains. This quarterly industry report excerpt explains why even God would get fired as an active manager.
Given events in Washington over the last several days, you might be expecting a deep dive into the impeachment process. While we spent some time walking through the intricacies and history of the process in April, there will no doubt be much more to say on the issue in the weeks ahead as events transpire at the Capitol. Today, though, we take a break from Washington for a visit to the campaign trail.
The Business Roundtable announced this week that, in its latest reading, the organization’s CEO Economic Outlook Index had its biggest quarterly decline in seven years. Business Roundtable President and CEO Joshua Bolton said, “American businesses now have their foot poised above the brake, and they're tapping the brake periodically.”
This article provides a high-level summary of the rulemaking package and explores its implications for registered investment advisors and dual registrants.
About a month ago, we advised readers that they should look to the states, rather than Congress, to see substantial progress on data privacy legislation over the next few months.
Congress returns to Washington next week following an eventful August recess. The country endured growing trade tensions with China, a trio of tragic mass shootings in Texas and California and a catastrophic hurricane, which has wreaked havoc in the Bahamas and now threatens Florida, Georgia and the Carolinas.
In The Hollow Men, poet T.S. Eliot famously said the world would end “not with a bang but with a whimper.”
As data breaches dominate news cycle after news cycle – at a seemingly exponential rate – have federal policymakers started to pay attention to the issue?