(Editor’s note: Are futures commission merchants (FCMs) headed for extinction? It’s a fair question as the number of them, 64 as of this past March, has dropped by more than 50 percent over the past 15 years — a key point made in a special report authored by Hester Peirce, director of the financial markets… Read More >>
Britain’s Vote to Leave Sinks Global Markets
The United Kingdom has voted 52 percent to 48 percent to exit the European Union bloc of nations, according to tabulations from the BBC, and the “Brexit” referendum outcome is roiling markets and driving down the value of the British pound sterling. In fact, the swift market reactions in Asia may cause the Bank of… Read More >>
Elizabeth Warren’s Inquiry Spurs Resignation at Brookings Institution
Elizabeth Warren has taken on two conflict of interest issues recently in her challenge to Wall Street-sponsored objections to a proposed federal rule that would as she has said end advisors making investment recommendations “based on the free vacations, cars, bonuses, fees, and other kickbacks” from mutual fund managers. Her efforts also extended into alleged… Read More >>
