Morgan Stanley to Pay $2M Over Sale of First Republic Shares

Published on September 6, 2024

The firm failed to ensure the troubled bank's ex-CEO wasn't trading on inside information, says William Galvin.

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Morgan Stanley Fined $2M Over First Republic Stock Sales

September 6, 2024
Morgan Stanley will pay the fine to settle the investigation by the Massachusetts Securities Division.

The Big Four Recession Indicators: August Employment

September 6, 2024
There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of those indicators, nonfarm employment. August saw a 142,000 increase in total nonfarm payrolls and the unemployment fell to 4.2%.