Kentucky teacher pension system linked to major Russian bank
Former whistleblower and pension consultant says Sberbank is just the symptom of a bigger worry.
Source: wlky.com
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Ameritas RIA settles SEC disclosure case for $4.6M
Despite industry criticism, the regulator’s ongoing wave of cases has expanded into allegations that wealth managers breached their duty of best execution.
United States Derek Rayment Us Securities Exchange Commission Advisory Firm Ameritas Investment Company Ameritas Advisory Services
Source: financial-planning.com
Attack of the annuities: Should RIAs reevaluate the controversial insurance products?
Annuities issuers are floating new products designed for RIAs. But will advisors bite?
Source: citywireusa.com
More Jockeying on Kentucky Pension Case, Mayberry v. KKR
A short update on the Mayberry v. KKR, a pathbreaking public pension suit targeting customized hedge funds designed for the sitting duck Kentucky Retirement Systems by Blackstone, KKR, and PAACO. The litigation is on track to becoming a Jarndyce v Jarndyce level case study in the (mis)use of procedure to delay a case. As we recapped right after the new year: In 2017, eight plaintiffs filed a derivative lawsuit on behalf of the spectacularly underfunded and incompetently/corruptly run Kentucky R...
Source: nakedcapitalism.com