Korea’s wealth management industry is in a crisis of trust. To restore investor confidence, regulators, industry organizations, and financial institutions must work together to address the underlying causes of the problems.
T. Rowe Price brought to NYSE Arca four actively-managed exchange-traded funds. The Blue Chip Growth ETF, the Dividend Growth ETF, the Equity Income ETF and the Growth Stock ETF are run by the same portfolio managers that make investments for the company's mutual funds with similar names. ETF Trends (05 Aug.)
A full Senate voice vote has confirmed President Donald Trump's nominations of Hester Peirce and Caroline Crenshaw to the Securities and Exchange Commission. Peirce's term runs to June 5, 2025; Crenshaw's expires on June 5, 2024. ThinkAdvisor (free registration) (06 Aug.)
The Labor Department has denied a request by Sen. Patty Murray, D-Wash., to extend the comment period on its latest proposed fiduciary rule and hold a public hearing on the measure. "I'm incredibly frustrated that the Trump administration is charging ahead so recklessly with a proposal that could lead to retirement savers losing billions of dollars a year due to conflicted advice," Murray said. ThinkAdvisor (free registration) (06 Aug.)
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