
The U.S. Securities and Exchange Commission (SEC) is set to collect $63.1 million in fines from nine investment advisers and three broker-dealers over the use of unapproved communication methods. The SEC says the 12 Wall Street firms violated recordkeeping statutes of federal securities laws after their employees, including supervisors and managers, used off-channel communication methods […]
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Banking giant JPMorgan Chase just released its US election playbook for investors. The bank’s strategists say “Trump trade” dynamics are clearly playing out over the last couple of weeks, alongside former President Donald Trump’s surge in betting markets. “Small- and mid-cap stocks have outperformed their large-cap peers on hopes of lower taxation and deregulation. U.S. […]
The post JPMorgan Chase Details Election ‘Playbook’ for Investors, Forecasts Wall Street’s Response To Trump, Harris Victories appeared first on The Daily Hodl.
JPMorgan Chase, Wells Fargo, Bank of America and other systemically important US banks are now financing $2.423 trillion in leveraged bets on Wall Street, according to new numbers self-reported by the industry. The Financial Industry Regulatory Authority (FINRA) says the big banks’ total margin loans to hedge funds have hit a new record high, according […]
The post $2,423,000,000,000 in Wall Street Leverage Fueled by JPMorgan Chase, Wells Fargo, Bank of America and Other ‘Too Big To Fail’ Banks: Report appeared first on The Daily Hodl.
The founder of investment firm SkyBridge Capital says that Bitcoin (BTC) is not yet a store of value today but envisions Wall Street’s “selling machine” eventually promoting the crypto king. In a new interview on CNBC Squawk Box, Anthony Scaramucci says that it’s too early to brand the top crypto asset by market cap as […]
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