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.
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 Retirement Systems, the public pension fund for the State of Kentucky (see former board member Chris ...
Source: nakedcapitalism.com