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Concentrated Position Risk Drawing Regulatory Scrutiny

On December 7, 2018, the Financial Industry Regulatory Authority (“FINRA”) issued a comprehensive report (“Report on FINRA Examination Findings”) which “focuses on selected observations from recent examinations that FINRA considers worth highlighting because of their potential significance, frequency, and impact on investors and the markets.” Among the issues discussed in this report were significant concerns […]

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LPL Financial settles with Indiana over failure to supervise allegations

Indiana Secretary of State Connie Lawson today announced she has agreed to a settlement with LPL Financial which includes a civil penalty of $450,000.  The settlement stems from an investigation by the Securities Division of the Secretary of State’s office regarding various deficiencies related to LPL’s supervision of its Indiana operations. The settlement specifically focuses […]

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FINRA Concerned About Volatility-Linked Investment Products

On December 7, 2018, the Financial Industry Regulatory Authority (“FINRA”) issued a comprehensive report (“Report on FINRA Examination Findings”) which “focuses on selected observations from recent examinations that FINRA considers worth highlighting because of their potential significance, frequency, and impact on investors and the markets.” Among the issues discussed in this report were significant concerns […]

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Does the Corporate Debt Market Signal the End of the Party on Wall Street?

On November 26, 2018, in an editorial in the New York Times (“When Blue Chip Companies Pile on Debt, it’s Time to Worry”), it was noted that “fueled by cheap credit, American corporations have been gorging on acquisitions” and that “the party may soon be over.” In fact, in the low interest-rate environment that has […]

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Market Sees Problems Ahead for General Electric – GE

General Electric Co. shares plummeted after two Wall Street analysts sounded more alarm bells around the company’s liquidity, and a report said former General Electric employees were being questioned by federal investigators about its troubled insurance business. Deutsche Bank slashed its GE price target to $7 a share on Friday, saying revenue for the conglomerate’s […]

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