FINRA’s National Fraud and Financial Crimes Detection Programs has sent 50 cases to the SEC involving potential fraud by public companies related to COVID-19. So reports Think Advisor.
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Securities and Exchange Commission Chair Mary Jo White is proposing a host of reforms for…
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The Financial Industry Regulatory Authority has warned its member firms that claiming IRA are free…
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While market bulls are understandably cheering the ongoing equity rally off of 2009 lows, the…
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Smart beta funds are one of the hottest trends on Wall Street and are generating…
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A recent Government Accountability Office report maintains that 401(k) providers…
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The Department of Housing and Urban Development has changed principal…
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Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
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Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth…
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The NFL Players Association has approved UBS to work with current and former players through…
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James Gorman, CEO of Morgan Stanley, said that while the chances of a recession have grown to 50%, he doesn’t expect the economy to fall “into some massive hole over the next few years.” So reports CNBC.
Gorman said that it may be a “bumpy” ride for a while, and that the Fed waited too long to raise rates, but that he believes it will eventually get inflation under control.
Jamie Dimon, CEO of rival JPMorgan has said he thinks there is a “hurricane” ahead. However, Gorman says that he doesn’t see a “deep or long recession.”
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