The Fed Is a Poor Guide for Stock Investors

Published on September 18, 2024

The Federal Reserve is widely expected to begin cutting interest rates this week as moderating inflation allows the central bank to roll back some of its previous rate increases. I expect that some investors will be tempted to chase stocks given the stubborn conventional wisdom that interest rates and stock prices move in opposite directions. They should reconsider.

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Conn. Advisor Sentenced To 21 Months For Cherry Picking Scheme

September 18, 2024
A former Greenwich, Conn., advisor who defrauded clients of $2.7 million through a cherry-picking securities scheme was sentenced yesterday to 21 months in prison, followed by three years of supervised release, according to a news release from the U.S. Attorney's Office, District of Connecticut.

SEC Poised to Vote on Overhaul of Stock Pricing, Exchange Fees

September 18, 2024
The price increments at which thousands of stocks and ETFs are quoted look set for an overhaul Wednesday, when the US Securities and Exchange Commission votes on final rules to reduce them to less than 1 cent.