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SEC Bars California Advisor For Defrauding Hundreds of Retail Clients

Wealth Management

According to the commission, Keith Springer and his firm used “deceptive marketing” via ads and his radio show to attract investors, many of whom were retirees.

Retail 262
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Research links: a constant struggle

Abnormal Returns

Retail Just how profitable is to trade against retail order flow? papers.ssrn.com) Zero commissions could obscure the true costs of trading. papers.ssrn.com) Quant stuff How XTX Markets have generated huge profits using cutting edge quant models. bloomberg.com) Jane Street interns make good coin.

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PIABA Urges SEC to Suspend RIA Mandatory Arbitration Clauses

Wealth Management

In a recent report, the SEC Investor Advocate suggested the commission "temporarily" stop RIAs from including mandatory arbitration clauses in contracts, arguing they could "mislead retail clients into not exercising their legal rights."

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SEC Charges 18 In International Pump-and-Dump Scheme

Wealth Management

The accused hacked into more than 30 retail accounts at several U.S. brokerage firms to artificially pump up the price and trading volume of microcap stocks, according to the commission.

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A Short History of Stocks

The Big Picture

That changed on May 1, 1975, when the Securities and Exchange Commission mandated a change in commission structures. Costs continued to fall: Over the next 25 years, commissions would fall from about 1.0% More to come later… Previously : Where Has the Retail Investor Gone? Lots of other active managers did well.

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Thursday links: big secular forces

Abnormal Returns

hunterwalk.com) Home buying New home sales commission rules are coming into effect. wsj.com) Consumer spending Retail sales jumped 1.0% (ft.com) What VC returns look like in the real world. cnn.com) Home buying is going to get more complicated. barrons.com) What you need to know about home buying (and selling) now.

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DoL’s Retirement Security Rule & PTE 2020-02 Amendment: What Advisers Need to Know Now About Giving Rollover Advice After Sept 23, 2024

Nerd's Eye View

commissions), and who holds themselves out as a trusted adviser by either stating they are acting as a fiduciary or otherwise indicates that they are making individualized recommendations based on the investor's best interest.