WealthManagment.com Daily Memo
 
Wealth Management Daily Memo

JUNE 30, 2022

INDUSTRY

Advisory Firms Respond to Roe Rollback

National wirehouses have been drawn into the political fallout from the SCOTUS decision to return the issue of women’s reproductive rights to states. Independent firms, with few exceptions, have been more muted in their response.

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REGULATION AND COMPLIANCE

UBS Pays $25M To Settle SEC Charges Over Yield Enhancement Strategy

The SEC argued the firm marketed and sold the 'YES' strategy to about 600 investors between February 2016 and 2017, without offering advisors adequate training and failing to communicate the potential risks.

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SPONSORED CONTENT

Power Up With Clean Value

An ESG-focused value fund that invests in quality companies may help navigate both rising inflation and market volatility.

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REGULATION AND COMPLIANCE

Staying True to PTE 2020-02

The deadline to comply with the DOL’s Prohibited Transaction Exemption 2020-02 is here.

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ETFS

Grayscale Suing SEC After Its Bitcoin ETF Is Rejected

The SEC found that the plan by NYSE Arca to list the product didn’t do enough to prevent fraud and manipulation.

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FASTCHAT VIDEO

Tax Planning: Why Advisors Should Consider Annuities for Their Clients’ Portfolios

How can providers use their knowledge of a broad array of products, including variable annuities, to differentiate themselves from their competition?

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