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Weekday news and analysis for retirement plan advisers
Thursday, August 18, 2022
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Meet Dave Barry, Professional Humorist and Pulitzer Prize Winner
Among his accomplishments, Barry won the Pulitzer Prize for commentary, although he misplaced it for several years, which is why his wife now keeps it in a secure location that he does not know about.
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Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
A judge has determined that two law firms, Schneider Wallace Cottrell Konecky LLP and Schlichter Bogard & Denton LLP, are jointly and severally liable for ‘multiplying proceedings unreasonably and vexatiously.’
Today’s Most Read
1. Creative Planning CIO Jim Williams Dies at 46
2. Former DOL Investigator Starts Firm Targeting 401(k) Fraud
3. Investment Product & Service Launches
SEC Flexes Regulatory Muscle with RIAs, Brokers in Focus
The SEC is warning advisers and broker/dealers that it is time to tighten up policies around conflicts of interest and ensure compliance with its Regulation Best Interest.
Real Estate Fund Investments
An REOC lets asset managers avoid ERISA limits.
Evolution in Investment Vehicles Presents Opportunity
Experts discussed their views on exchange-traded funds and collective investment trusts as emerging investment options during PLANADVISER’s latest Practice Progress webinar.
Market Mirror Market Mirror Graph

Wednesday, the Dow sagged 171.69 points (0.50%) to close at 33,980.32, the Nasdaq fell 164.43 points (1.25%) to 12,938.12 and the S&P 500 lost 31.16 points (0.72%) to close at 4,274.04. The Russell 2000 slipped 33.22 points (1.64%) to 1,987.31 and the Wilshire 5000 was down 403.84 points (0.94%) to 42,704.82.

The price of the 10-year Treasury note decreased 30/32 bringing the yield up to 2.903%. The price of the 30-year Treasury bond decreased 1 1/32 bringing the yield down to 3.152%.

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