Brokers are banned or suspended as fallout from $1.2 billion Ponzi scheme continues

Without admitting or denying the findings that he didn’t get prior approval for selling the promissory notes, Powell agreed to being permanently banned from the securities industry. Powell did not respond to calls from CNBC seeking comment. Another broker also was barred after selling $2.7 million of Woodbridge notes, which delivered $109,900 in commissions. Michael […]

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Forget market downturns, this is the biggest threat facing the US economy, survey finds

Worries about discord on Capitol Hill seems to transcend political affiliation. Among participants, nearly half of Republicans pointed to politics as a major concern facing the economy, Bankrate.com found. Meanwhile, 45% Democrats and 42% of Independents agreed that the political climate is the biggest threat. The findings suggest that Americans are looking for action from […]

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Trump executive order brings scrutiny to environmentally conscious 401(k) investments

Trump’s push for renewed scrutiny could give some plans pause when it comes to including these funds. “The landscape is still in flux,” said David Levine, principal at Groom Law Group. “It will be interesting to see where adoption goes, especially as the DOL gives it more thought.” Ultimately, the Department of Labor’s analysis could […]

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