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DoL’s Retirement Security Rule & PTE 2020-02 Amendment: What Advisers Need to Know Now About Giving Rollover Advice After Sept 23, 2024

Nerd's Eye View

commissions), and who holds themselves out as a trusted adviser by either stating they are acting as a fiduciary or otherwise indicates that they are making individualized recommendations based on the investor's best interest.

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Your Co-Investors in BREIT

The Big Picture

Cars are for Driving, Sneakers are for Wearing (November 11, 2020). The Hidden World of Failure (October 23, 2020). September 18, 2020). _. If they did what was in the best interest of clients, they would forgo too much in commission dollars. Debate: Does Private Equity Warrant a Spot in Retirement Accounts?

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: SEC charges audit firm Markum with ‘systemic control failures’ in work done for hundreds of SPACs

MarketWatch

The Securities and Exchange Commission on Wednesday charged audit firm Marcum LLP with “systemic quality control failures’ and violations of audit standards in work conducted for hundreds of special purpose acquisition corporations. More than 860 SPACs conducted IPOs between 2020 through 2021, and nearly half were audited by Marcum.

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: SEC penalizes DXC Technology following accusations of ‘misleading’ disclosures

MarketWatch

DXC agreed to pay an $8 million penalty and tighten up its financial reporting protocols after the Securities and Exchange Commission accused the company of making “misleading disclosures” related to its financials from 2018 to 2020, the agency said on Tuesday. Shares of DXC fell 0.6% after hours on Tuesday.

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Fiduciary Papers #17: WHY THE INSURANCE LOBBY’S ARGUMENTS AGAINST THE DOL RULE ARE DISINGENUOUS

Ron A. Rhodes

The insurance lobby is against the imposition of the fiduciary standard by the DOL, as it will lower the excessive commissions often paid on the sale of Fixed Index Annuities…

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Archean Chemical Industries IPO Review – GMP, Strengths, & More!

Trade Brains

Between 2015-2020, the Indian specialty chemicals segment grew faster than the Indian commodity chemicals segment (10.4% According to the Company Commissioned F&S Report, total FDI inflow in the chemicals (other than fertilizers) sector in India reached US$17.77 billion between April 2000 and June 2020.

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: SEC issues $279 million whistleblower award — biggest in agency history

MarketWatch

The Securities and Exchange Commission on Friday announced an award of nearly $279 million to a whistleblower whose information helped the agency with enforcement. It’s the highest amount in the whistleblower program’s history, the agency said, more than doubling a $114 million payment made in October 2020.