article thumbnail

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 260
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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."

article thumbnail

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.

article thumbnail

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.

article thumbnail

10 Thursday AM Reads

The Big Picture

It’s like being forced to pay a travel agent commission when booking a flight directly online. ( Prices of durables have been falling for five straight months ( Wall Street Journal ) • US retail lobbyists retract key claim on ‘organized’ retail crime : The main lobbying group for U.S. The FDA Is In Its Way.

Retail 238
article thumbnail

10 Friday AM Reads

The Big Picture

Instead of trying to winnow winners from losers, you’re better off saving on brokerage commissions and headaches by spreading your investment dollars across the entire market. ( The stock and bond markets incorporate new information into prices almost instantly, so trying to beat them is a fool’s errand, Malkiel wrote. New York Times ). •