Retail brokerage Robinhood Financial did not report a certain type of stock trade it executed for customers last year to a public data feed, according to regulatory data analyzed by Reuters and a source familiar with the matter. So-called fractional shares are offered by many brokerages. They let investors buy a slice of a share instead of the whole thing, so rather than forking out more than $3,000 on a share of Amazon.com Inc , an investor can buy as little as $1 worth. Brokerages are required to report all their trades to trade execution facilities (TRFs), according to Financial Industry Regulatory Authority (FINRA) and U.S. Securities and Exchange Commission rules. FINRA's enforcement has fined other brokerages, including Merrill Lynch and Deutsche Bank AG 's U.S. securities division, for violations of its reporting and supervisory rules in the past. Robinhood launched its fractional share service in December 2019, according to its website, but only began … [Read more...] about Robinhood failed to disclose certain trade executions to public feed:Report
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VIETNAM BUSINESS NEWS APRIL 16
Efforts to stimulate domestic consumer market continue as pandemic threatens exports The Ha Noi Department of Industry and Trade will organise five Vietnamese Goods Weeks this year to stimulate demand. Photo baodauthau.vn The Ministry of Industry and Trade will organise conferences to connect producers, suppliers and retailers, and events for producers and traders, especially small traders, to help take goods to residential areas, industrial parks and rural and mountainous regions, the Sai Gon Giai Phong (Liberated Sai Gon) newspaper reported. It will help encourage consumption by fostering the evening economy and holding fairs and exhibitions of products and services. It continues to implement the ‘Vietnamese people give priority to using Vietnamese goods’ programme. It will also promote the adoption of IT and foster e-commerce. The Ha Noi Department of Industry and Trade will organise five Vietnamese Goods Weeks this year to stimulate demand. To be held in … [Read more...] about VIETNAM BUSINESS NEWS APRIL 16
David Cameron lobbying: Government adviser David Brierwood became Greensill director months after taking Whitehall role
A government adviser became a director of Greensill Capital months after taking on his Cabinet Office role - in the latest link between the now-collapsed finance firm and Whitehall to emerge. David Brierwood, a former employee of the Morgan Stanley investment bank, was appointed as a crown representative by the Cabinet Office under David Cameron's tenure as prime minister. According to his Linkedin profile, Mr Brierwood took on the role in October 2014 until June 2018. How did the David Cameron lobbying scandal unfold? In January 2015, according to Companies House records, Mr Brierwood also became a director of Greensill Capital - the firm at the centre of a lobbying row involving Mr Cameron . The government website states crown representatives are a "network to act as a focal point for particular groups of providers looking to supply to the public sector". Advertisement They are said to help the government to act as a single … [Read more...] about David Cameron lobbying: Government adviser David Brierwood became Greensill director months after taking Whitehall role
VN-Index loses over 8.5 points, foreign investors keep fleeing market
Customers buying Vinamilk products in a supermarket. The company shares posted the biggest loss in market capitalisation on Friday, down over 2 per cent. — Photo vinamilk.com.vn Shares edged lower on Friday as selling pressure persisted but falls were capped by strong performance of real estate stocks. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) closed the last session of the week at 1,238.71 points, down 0.68 per cent or 8.54 points. The market breadth was still negative as 355 stocks declined while 81 stocks increased during the session. But the market's liquidity stayed high with nearly 986.9 million shares traded on the southern bourse, worth nearly VND21.8 trillion. Friday's losses are expected to extend to next week, according to Saigon - Hanoi Securities JSC (SHS). The securities firm expected that the index might struggle and fluctuate around 1,250 points in the last trading session of the week. "The close of above or under 1,250 … [Read more...] about VN-Index loses over 8.5 points, foreign investors keep fleeing market
Diplomacy—Blemishes and All—is the Best Way to Deal With Iran | Opinion
To this day, the Iran nuclear deal remains one of the most controversial foreign policy topics in Washington, D.C. The 2015 deal signed between the P5+1 (China, France, Russia, U.K., U.S., Germany) and Iran, formally known as the Joint Comprehensive Plan of Action (JCPOA), is one of those diplomatic accords that has split the U.S. foreign policy establishment apart. Its proponents continue to argue that the JCPOA was a highly immaculate agreement that placed severe limits on Iran's nuclear program from root to branch, all while averting what may very well have been a costly military conflict. Its opponents are equally convinced that the deal was at best a delaying tactic to a serious problem and at worst an outright capitulation to a dangerous regime. As time can attest, there will never be a consensus on the JCPOA. Reasonable people will always disagree on whether the agreement hashed out over six years ago was good, bad, or largely indifferent. The U.S. strategy of maximum … [Read more...] about Diplomacy—Blemishes and All—is the Best Way to Deal With Iran | Opinion