Carolyn Armitage, who ran Thrivent's independent advisor platform, was laid off, in addition to four other executives on her team. The firm is also halting recruiting new advisors to its RIA.
Dimensional Fund Advisors wants to create ETFs as a share class of its mutual funds.
SEC approval of a Bitcoin ETF is "probably going to happen," according to the founder of Galaxy Digital Holdings.
Allianz's guilty plea in the case was unusual. Most companies resolve government investigations by paying money and pledging corrective actions without admitting any wrongdoing.