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TikTokInvestors

The Big Picture

No audited returns, mathematically improbable claims, and zero accountability But none of these “influencers” sell securities to clients, so they do not fall under the regulatory oversight of the Securities and Exchange Commission (SEC).2 2 Sure, you can claim mainstream media is bad, but social media is worse.

Media 336
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SEC Enforcement Director Gurbir Grewal to Leave Agency

Wealth Management

He joined the commission in 2021 and has overseen numerous notable cases, including the first actions related to Regulation Best Interest. Grewal’s last day will be Oct.

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SEC: New York Advisor Touted 'Trillions' in AUM

Wealth Management

Vista Financial Advisors registered in 2021 and soon claimed it managed more than $11.5 trillion—with a "T"—with no evidence of any legitimate assets at all, according to the commission.

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10 Thursday AM Reads

The Big Picture

It’s like being forced to pay a travel agent commission when booking a flight directly online. ( retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.

Retail 238
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Title Protection For (CFP) Financial Planners And The FPA’s Two About-Faces

Nerd's Eye View

even as the CFP Board has announced its own Competency Standards Commission to raise their own standards regarding who can use the Certified Financial Planner title? Raising the question of whether the FPA is also considering an about-face on its CFP-centricity, too.

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Ten Economic Questions for 2023

Calculated Risk

1) Economic growth: Economic growth was probably under 1% in 2022 as the economy slowed following the economic rebound in 2021. million jobs added in 2021. in November 2021, but still below the pre-pandemic level of 63.4%. year-to-date compared to the same period in 2021. The FOMC is expecting growth of just 0.4%

Economics 138
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: Elon Musk gave 12.5 million Tesla shares to charity last year: amended filing

MarketWatch

million shares of the company’s stock to charity, according to a filing with the Securities and Exchange Commission on Friday that amended a previous filing because the shares reported had not been adjusted for last year’s stock split. Bloomberg reported last year that most of Musk’s charitable giving in 2021 went to his own foundation.