Morning Memo
 
Wealth Management Morning Memo

SEPTEMBER 28, 2022

REGULATION AND COMPLIANCE

SEC Fines Firms $1.1B For WhatsApp, Texting Record-keeping Failures

The involved firms include some of the biggest names in the financial services and wealth management space, including BofA, Citigroup, Morgan Stanley and UBS.

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RIA NEWS

Concurrent Departs Raymond James to Form Multi-Custodial Hybrid Platform

The OSJ is leaving the Raymond James platform to form a hybrid RIA with greater flexibility and access to more resources, Concurrent says.

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WHITE PAPER

Will Rising Interest Rates Impact M&A?

Learn about the evolving nature of acquisitions.

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INSURANCE

Wyden Widens Investigation of PPLI

His letters express concerns that such arrangements often are used as tax evasion vehicles by the uber wealthy.

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FIXED INCOME

Lowly T-Bills Are Suddenly Sexy. Yes, Treasury Bills!

The interest rate on the one-year Treasury bill is an eye-popping 4.1%, up from .07% last year.

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