The SEC won't review the dozens of newly registered ETFs until after the shutdown, and it's "unclear" whether they comply with the Derivatives Rule, an agency official said. Keep reading: ow.ly/lrVA50Xf18c

Several large firms, service providers and regulators had issues on Monday, when the Amazon Web Services cloud server went down. Consultants say all should have contingency plans in case such an event occurs. ow.ly/KRyC50XfFo1

A Texas judge barred American Airlines from using funds in its 401(k) from asset managers that own 3% or more of its stock unless certain procedural guardrails are in place. Learn more about the ruling's implications on Ignites. ow.ly/zn6650XgrG0

The top shops keep getting bigger. Vanguard, BlackRock and Fidelity control 49% of the assets invested across mutual funds and ETFs as of August 31, according to new data from Morningstar. ow.ly/ceYS50XgVvH

As the industry awaits the first batch of ETF share classes, asset managers and gatekeepers are scrambling to figure out how intermediaries will get paid. ow.ly/A1W150XhCT7

BREAKING NEWS: Trian Bids to Take Over Janus Henderson ow.ly/Ql4i50XilWw

Invesco has postponed the shareholder vote on restructuring the flagship QQQ Trust because too few votes have been cast. Keep reading: ow.ly/bI8350XivkS

The proposed price tag "seems low," according to analysts who cover the asset manager. This could spur Janus Henderson to test the market for other offers, so that the firm gets the best price for its shareholders. ow.ly/E2Xw50Xj89o

In partnership with SS&C, Ignites conducted a reader survey in June to explore key trends shaping the evolving asset management landscape. At SS&C Deliver, FT Specialist U.S. Editor-in-Chief Hannah Glover moderates a panel where industry leaders discuss the survey’s findings.

Some 20 companies represent nearly half of the S&P 500’s value, causing shops to tout products that aim to mitigate the concentration risks in passive index funds. ow.ly/aIZC50XjObk

As demand for stablecoins and tokenized funds grows, large custodians are investing in infrastructure to support digital asset transactions. ow.ly/VWuQ50Xkx2U

BlackRock's HPS Investment Partners is among the creditors to a bankrupt telecom business accused of undertaking more than $500 million in bad loans. ow.ly/ebP250Xl7Rn

BREAKING NEWS: First Trust Fined $10M Over Excessive Gifts ow.ly/iwci50XlWL5

The government shutdown has halted progress on opening retirement plans to private markets and cryptocurrency investments. ow.ly/i6lx50XlS2k

Sodali & Co. appointed a new CEO at the start of the year. The layoffs have not affected the firm’s work soliciting shareholders to vote on restructuring Invesco’s $400 billion QQQ Trust, one source said. ow.ly/l2Wz50XmAwx

Schwab’s new ETF revenue-sharing fees, to be introduced early next year, are part of a move among distributors to make up for lost mutual fund revenue, sources familiar with the decision said. Keep reading: ow.ly/uFwQ50XnevY

Voya’s chief executive officer said on Wednesday that the firm is hunting for “additional roll-up retirement opportunities,” after acquiring OneAmerica’s recordkeeping unit early this year. ow.ly/iO3150XnVQQ

The former Wamco CIO is set to challenge the government’s use of data analytics to prove alleged “cherry-picking” of profitable trades at a hearing on Friday. Learn more: ow.ly/chE850Xorbw

There are now more ETFs than there are stocks in the U.S., crowding shelf space on distributors’ platforms. ow.ly/Zjsi50XpsZ7

As an increasing number of firms adopt AI tools from third-party vendors, analysts say firms should do detailed and ongoing due diligence. Ultimately, the firms may be held responsible for any system or security failures. ow.ly/4WWn50Xq70j