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Thursday, July 15, 2021
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Confidential Settlement Reached in Excessive Fee Suit Against Voya
A lawsuit against Voya Financial and Voya Retirement Insurance and Annuity Co. has been dismissed because the parties have reached a confidential settlement resolving all claims.
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Koch Industries Agrees to $4 Million Settlement of ERISA Excessive Fee Suit
The settlement includes a stipulation to perform a recordkeeper RFP.
Today’s Most Read
1. SageView Names New CFO, Adds Chief Growth Officer
2. 4 Bipartisan Bills Would Restrict Investment in China
3. Millennials, Gen Z Triple Financial Wealth Since 2019
The Promise of Sustainable Investing
Getting past misconceptions to help advisers and their clients leverage ESG.
Wirehouse Advisers Less Satisfied Than Others
In a J.D. Power survey, independent advisory firms were more likely to have a higher satisfaction score than employee groups. 
Market Mirror Market Mirror Graph

Wednesday, the Dow increased 44.44 points (0.13%) to 34,933.23, the Nasdaq closed 32.70 points (0.22%) lower at 14,644.95, and the S&P 500 was up 5.09 points (0.12%) at 4,374.30. The Russell 2000 fell 36.51 points (1.63%) to 2,202.36, and the Wilshire 5000 lost 102.85 points (0.23%) to finish at 45,410.75.

The price of the 10-year Treasury note increased 29/32, bringing its yield down to 1.342%. The price of the 30-year Treasury bond climbed 1 7/32, decreasing its yield to 1.975%.

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