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Although global growth estimate is cut, U.S. economy pegged at slow but steady grow.

Despite the market woes and persistent fears over the Chinese yuan affecting global markets, many analysts still expect the U.S. economy to expand at a slow but steady 2.5% annual rate. Consumers are increasing their spending and the unemployment is at its lowest since 2008. According to Wall Street Journal, “growth stocks—shares of companies that …

Although global growth estimate is cut, U.S. economy pegged at slow but steady grow. Read More »

Biggest Market Sell off in over 75 years.

Bloomberg reports: “The S&P 500 has closed more than four standard deviations below its 50-day moving average for the third consecutive session. That’s only the second time this has happened in the history of the index.” Further, according to Bespoke Investment Group, “Not even the crash of 1987 got this oversold relative to trend”. The declining …

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LPL Financial fined $11.7 million for ‘widespread supervisory failures’

FINRA said the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs May 6, 2015 The Financial Industry Regulatory Authority Inc. ordered LPL Financial to pay $11.7 million in fines and restitution for what it deemed “widespread supervisory failures” related to sales of complex products, according to …

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SEC to Pay $30 Million Whistleblower Award, Its Largest Yet

Blowing the whistle is increasingly worth big bucks.The Securities and Exchange Commission said Monday that a foreign tipster will collect a record whistleblower award of more than $30 million, more than twice as much as the highest previous award. The award came less than a week after Attorney General Eric Holder gave a New York speech in …

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Morgan Stanley/UBS Merger “Conversations”

SEPTEMBER 8 – There are rumblings, rumors, conversations, hypotheticals within the wealth management industry that Morgan Stanley has given consideration to buying UBS WMA’s North American operations. We have heard this ‘what if’ from an interesting collage of sources – enough of them that it certainly warrants referencing and discussing. Who are the folks having …

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