One of the main perpetrators for the Cum/Ex fraud, the biggest white collar crime in history, has been charged by the Danish tax authorities. He had defrauded Danish tax authorities by an estimated $1.6 bn and is currently living in self-exile in Dubai. The Cum/Ex...
Robinhood has just been fined $65m for overcharging its customers, despite trades being free of charge - the company sells its order flow, and the net result is that traders are overcharged $35m/y. The firm also mislead its clients in its advertising. But in the back...
If you are not in the RIA space, you may have missed a profound change in the area. Robo-advisors are taking a solid market share, and their AUMs are now in the multi-billions. The big boys (Fidelity, Vanguard...), were actually forced to create their own such...
Nope, portfolio managers shouldn't keep the best trades for themselves (at the expense of other investors). BlueCrest moved its best traders into a management-owned fund, and used AI to replicate their trades in the main fund. Unfortunately, the replication was poor,...
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