SEI Client to Focus on Automation & Integration SEI reports that Securian Trust Company, an SEI client since 2009, will adopt its wealth platform, intended to “provide a seamless experience for … clients and the advisors that serve them.” The platform, SEI says, is a “fully-integrated, single-infrastructure technology solution developed to support client relationship management,… Read More >>
UBS to Challenge DoJ’s RMBS Fraud Charges
The United States Department of Justice has filed a civil complaint in the Eastern District of New York federal court, charging UBS AG and several of its U.S. affiliates with having “defrauded investors throughout the United States and the world in connection with its sale of residential mortgage-backed securities (RMBS) from 2006 through 2007.” From… Read More >>
Sanders Bill Would Break Up Six Major Banks
Without much fanfare, U.S. Senator Bernie Sanders, an independent representing Vermont, and U.S. Representative Brad Sherman, a Democrat from California, have introduced legislation before Congress that, if passed, would break up six of this country’s largest institutions by putting a cap on their size. As proposed, the bill’s main thrust is a limit on how… Read More >>
