Regulatory & Compliance
The New Hampshire Bureau of Securities Regulation alleges that former financial advisor Dan Stokes of Fremont, New Hampshire, misallocated up to $576,000 that he raised from clients by falsely claiming he would invest the assets in a charity that involved Taylor Swift and Bill Gates. So reports the Union Leader.
Markets & Investments
U.S. sales of individual non-variable deferred annuities totaled $29 billion in the third quarter, an approximately 12% decline from the same period a year ago, which could be a result of lower interest rates. So reports Think Advisor.
As Democratic presidential primary candidates pitch proposals to extend medical insurance to more individuals and expand Social Security, South Bend, Indiana, Mayor Pete Buttigieg is going a step further by proposing a program that would provide $90 a day for individuals that need long-term care. So reports MarketWatch.
Technology & Communications
The Advisor Group has launched the CyberGuard Program, which leverages the company’s state-of-the-art cybersecurity tools to enable financial professionals to keep their clients' sensitive data secure. So reports Yahoo Finance.
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