Latest Market News
Risk Appetite Weaker as Growth Concerns Take HoldGlobal equities indices have started the week on a softer footing as investors continue to show risk aversion. As traders in Europe return to their desks after the Easter holidays, uncertainty around the ongoing conflict in Ukraine remains the biggest headwind for asset prices. Alongside this, we are […]
Viridian Capital on Tuesday initiated coverage of Ascend Wellness AAWH, -0.90% with a buy rating and a $5.15 price target as a beneficiary of adult cannabis sales in New Jersey starting on Thursday. Analyst Jonathan DeCourcey said Ascend Wellness trades at a discount to other cannabis multi-state operators (MSOs) partly because its stock debut in […]
Stocks finished sharply higher Tuesday as energy prices pulled back and investors combed through another batch of corporate earnings. The Dow Jones Industrial Average DJIA, +1.45% gained about 502 points, or 1.5%, to end near 34,912, marking its biggest daily percentage climb since March 16, according to FactSet. The S&P 500 index SPX, +1.61% rose […]
Notice Comments Summary Recently, FINRA took enforcement action against several firms for failing to establish or maintain a reasonably designed supervisory system for recommendations of alternative mutual funds, also sometimes referred to as “alt funds” or “liquid alts” (“Alt Funds”). FINRA is continuing to note such deficiencies in its examinations and communications reviews of such […]
Notice Comments Summary This Notice shares key operational changes in FINRA’s Membership Application Program (MAP) implemented to improve its effectiveness and efficiency (MAP Transformation), including establishing a centralized application intake function and aligning the program with the firm grouping model developed by FINRA’s Member Supervision Department during its recent transformation. Applicants are not required to […]
Portfolio Manager Found Liable for Making False or Misleading Statements April 19, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced that on April 15, a jury in the U.S. District Court in the Western District of Wisconsin issued a verdict finding Edward S. Walczak liable for engaging in conduct that operated as […]