Raymond James & Associates, Inc., and Raymond James Financial Services, Inc. have been ordered to “return $8.25 million, plus interest, to customers who were charged unreasonably high fees.” That is the top-line conclusion of a multi-state investigation of brokers who overcharged investors. Massachusetts Secretary of the Commonwealth William F. Galvin, spearheaded the investigation, which also… Read More >>
CalSTRS to Hire Firms Leading the ESG Charge
A major pension fund, the California State Teachers’ Retirement System (CalSTRS), which oversees a portfolio of $193.2 billion, is giving its very public blessings to investment strategies that embrace environmental, social and governance (ESG) goals with the news that it wants to hire six public equity investment management firms with “ESG expertise.” Candidates will have… Read More >>
