Massachusetts alleges firm flagged problem with former broker but did nothing to stop him.
Lawyer says the case gives SEC enforcement more ammunition on share-class crackdown.
Investors abandon equity mutual funds as the S&P 500 logs a 16% gain.
Defections and cannibalization are growing risks for fund issuers.
With SEC approval closer than ever, fund companies focus on the latest ETF twist
Clients can get caught up in the frenzy over the latest initial public offering and end up overpaying for shares.
Tech valuations are at levels never seen before this bull market, but the sector is seeing more interest than any other.
Robo-advisers, lenders and stock trading apps are all launching high-yield savings accounts.
Deal could benefit American Funds by providing more asset retention and increased exposure among plan sponsors.
Money coming from people who saw their tax bills rise as a result of the cap on state and local tax deductions.
SoFi reportedly did not provide advanced notice before swapping Vanguard funds for proprietary ETFs.
Joyce Gordon reflects on how she became a conservative portfolio manager.
Fund company attempts to cut costs as it faces continued outflows.
Tighter yield spreads, market risk and the threat of higher taxes are seen driving financial advisers toward bonds.
SEC's case pending in D.C. Circuit Court could change how ADVs are written
Firms that didn't participate are now vulnerable to enforcement investigations, lawyers say.
Pursuit of low-cost, passive strategies sends $62 billion into Vanguard Funds, more than its three biggest competitors combined
The London-listed exchange-traded fund arrives amid calm junk-bond markets
They're trading liquidity for access to asset classes normally out of reach for retail investors.
The SPDR S&P 500 ETF saw more than $5.6 billion in inflows last week.
