DOJ: California Advisor Ran $9.5M Ponzi Scheme For Decades

Published on July 23, 2025

The Justice Department charged Edwin Emmett Lickiss with wire fraud and money laundering that directly impacted at least 50 investors.

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Morgan Stanley Faces FINRA Probe on Client Vetting, WSJ Says

July 23, 2025
The scrutiny focuses on the U.S. bank’s clients, risk ranking and other practices from October 2021 through September 2024.

Existing Home Sales Fall to Nine-Month Low

July 23, 2025
Existing home sales fell more than expected in June, hitting their lowest level in nine months. According to the National Association of Realtors (NAR), existing home sales were down 2.7% from May to a seasonally adjusted annual rate of 3.93 million units.