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SEC Charges Tennessee Advisor with Faith-Based Strategy of Defrauding Investors

Wealth Management

According to the commission, Donald Anthony Wright made false statements when selling promissory notes to clients to fund the purchase of a Texas-based media marketing company.

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TikTokInvestors

The Big Picture

At least one person1 has noticed the risks to young consumers of social media: Since August 2020, @TikTokInvestors has been curating the most outrageous money-losing and dangerous videos culled from the “financial experts” at TikTok. 2 Sure, you can claim mainstream media is bad, but social media is worse.

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Thursday links: avoiding permanent losses

Abnormal Returns

variety.com) Media Disney ($DIS) is buying Comcast's ($CMCSK) stake in Hulu. newsletter.abnormalreturns.com) Mixed media LinkedIn now has a 1 billion users. cnbc.com) Is change finally coming to realtor commissions? (pionline.com) Advertising If the economy were bad, companies would be cutting back on advertising.

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Thursday links: big secular forces

Abnormal Returns

hunterwalk.com) Home buying New home sales commission rules are coming into effect. newsletter.abnormalreturns.com) Mixed media Combo washer-dryers are coming to the U.S. (nytimes.com) Finance It seems the SEC will approve just about any ETF these days. ft.com) What VC returns look like in the real world. mentalfloss.com)

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Monday links: the ultimate anecdote

Abnormal Returns

wsj.com) How home buying is going to change with a new commission regime. newsletter.abnormalreturns.com) Mixed media Jimmy Pitaro, head of ESPN, has a tough job ahead. IPOs Apple ($AAPL) and Google ($GOOGL) are exploring putting Google's AI on the iPhone. spyglass.org) A closer look at Reddit's risks.

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Thursday links: the minimum level of diversification

Abnormal Returns

bloomberg.com) New commission rules could drive an exodus of realtors from the business. newsletter.abnormalreturns.com) Mixed media Can Authors Equity take a bite out of the publishing industry? (wired.com) Fund management Is the mutual fund structure now obsolete? theatlantic.com) How much is a house worth if it is uninsurable?

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Sunday links: when irrationality takes over

Abnormal Returns

newsletter.abnormalreturns.com) Mixed media On the end of the 6% real estate commission. (abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. cnn.com) The management consulting business is struggling. nytimes.com)