In the Margins
Citigroup Global Markets has agreed to pay $18.3 million to settle Securities and Exchange Commission charges that it overbilled investment advisory clients. From 2000 to 2015, the Citigroup unit overcharged approximately 60,000 advisory client accounts a total of $18 million. The overcharges have since been reimbursed with interest, according to the SEC order. Read the original story from InvestmentNews.
Most Read
Fund industry litigators and others are watching an expansive class-action lawsuit filed recently against an interval fund that has been scheduled for liquidation since mid-2023, certain ...
Dimensional Fund Advisors is preparing to launch exchange-traded fund share classes of a selection of its open-end mutual funds in the early part of 2026, and ...
The very first independent chair we profiled for FBV was Leigh Wilson at Victory Funds, for our A Seat at the Table section. Victory Capital Management had recently redefined itself ...
The Securities and Exchange Commission's move earlier this week to greenlight Dimensional Fund Advisors' plan to offer ETF share classes of its mutual funds is likely ...