Wamco’s Longtime Bond King Thrust Into Spotlight He Shunned

Published on August 22, 2024

Ken Leech is taking a leave of absence as co-chief investment officer after receiving a so-called Wells notice from the SEC, a warning that regulators may recommend enforcement.

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Ameriprise, LPL Face More Cash Sweep Suits

August 22, 2024
The lawsuits filed in Minnesota and California federal courts come as a New York-based law firm announced a new task force looking into the controversial practice, assisted by former SEC Commissioner Robert Jackson, Jr.

Annuities post $109B sales record in Q2 as deferred annuities surge

August 22, 2024
Annuity sales saw modest growth in the second quarter of 2024, rising nearly 4 percent from the previous quarter, according to a new report from market research firm Wink.In its latest Sales & Market Report, Wink said annuity sales for Q2 ticked up to reach $109 billion, with some product lines achieving record-setting results as others experienced declines due to shifting interest rates.Nearly al