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Retail investors purchased $4.7 billion in stocks on Thursday, marking the highest level of buying in a decade, according to JPMorgan. Small-cap technology emerged as a favored sector, contrasting with institutional investors who are betting against it. Despite this surge, individual stock portfolios are down 12.9% year-to-date, aligning with the S&P 500's losses for the day.
Paul Atkins, nominated by President Trump to lead the U.S. Securities and Exchange Commission, disclosed personal assets exceeding $328 million, with potential total family assets surpassing $588.8 million. Facing Senate confirmation, concerns arise over conflicts of interest due to his extensive financial background and ties to firms involved in SEC enforcement actions. Atkins has pledged to divest from his consultancy and comply with ethics regulations during his term.
Paul Atkins, nominated by President Trump to lead the U.S. Securities and Exchange Commission, has disclosed personal assets exceeding $328 million, with potential total family assets surpassing $588.8 million. His financial background raises concerns over conflicts of interest, particularly regarding his ties to FTX and other clients facing SEC scrutiny. Atkins, who previously served as an SEC commissioner, is set for Senate confirmation hearings amid significant workforce reductions at the agency.
A jury verdict awarding former UBS bond strategist Trevor Murray over $900,000 in damages was overturned by the 2nd U.S. Circuit Court of Appeals due to flawed jury instructions. The court ruled that Murray's whistleblowing must have directly caused his termination, not just influenced it. This decision follows a Supreme Court ruling that made it easier for whistleblowers to prove retaliation claims.
A jury's verdict awarding Trevor Murray back pay and damages after he claimed retaliation for whistleblowing against UBS was overturned by the 2nd U.S. Circuit Court of Appeals. The court found that flawed jury instructions made it too easy to conclude that his whistleblowing contributed to his firing. The case has been sent back for further proceedings, following a Supreme Court ruling that clarified the standards for whistleblower retaliation claims in the financial sector.
Matthew Lewis
People
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retail investors make largest stock purchases in a decade according to jpmorgan
21:29 04.04.2025
trump sec nominee reveals family fortune exceeding 328 million dollars
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04:26 26.03.2025
trump sec nominee reveals family fortune exceeding 328 million dollars
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22:39 25.03.2025
whistleblower verdict against UBS overturned by appeals court despite supreme court ruling
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18:54 10.02.2025
whistleblower verdict overturned in UBS case after appeals court ruling
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18:48 10.02.2025
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