The federal jury in Boston sided with the SEC in finding that former F-Squared CEO Howard Present intended to defraud investors.

Greg Fleming plans to form Rockefeller Capital Management, which will focus on wealth management, asset management and strategic advisory.

SoFi Wealth had amassed only $12.25 million in assets under management at the start of September.

With the addition, Invesco's ETF assets under management would total more than $196 billion globally.

Grayscale Investments LLC said Intercontinental Exchange Inc's NYSE Arca exchange withdrew a request with the U.S. Securities and Exchange Commission (SEC) to list its Bitcoin Investment Trust.

SEC Administrative Law Judge Carol Fox Foelak ruled that while Tilton and Patriach did not make it easy for investors to find information, "they also did not conceal - omit to state - material information."

Approximately 52 percent of active fund managers are beating their respective benchmarks this year, the highest relative performance since nearly 55 percent eight years ago.

Mark Wiedman, a BlackRock senior managing director, donated $2,700 to the presidential campaign of Ohio Governor John Kasich.