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Cartoon by Pat Byrnes By that spring, Alex Kearns, a twenty-year-old student at the University of Nebraska, had been using Robinhood for about two years. The app had permitted him to trade options just months after he opened his account. Kearns grew up in Naperville, Illinois, with his sister and his parents. His father is an I.T. professional at a financial-services firm. The family was close. Kearns was known as an anxious but positive young man who played trombone in the high-school band, received a school-spirit award, and joined the R.O.T.C. at Nebraska, where he majored in business mana...

Williams to succeed Kalm as new Michigan Gaming Control Board executive director 26th April 2021 | By Robert Fletcher Henry Williams has been appointed as the new executive director of the Michigan Gaming Control Board (MGCB), having received approval from state Governor Gretchen Whitmer after Richard Kalm stepped down. Williams has worked for the MGCB since 2001, most recently serving as deputy director of its casino operations division, providing oversight of the Enforcement Section, Employee Licensing, Gaming Lab and the Disassociated Persons program. He previously spent time as a regulati...

To embed, copy and paste the code into your website or blog: On February 4, 2021, New Jersey Attorney General Grewal  announced a New Jersey Bureau of Securities action against GPB Capital Holdings, LLC (“GPB”) its owners, and affiliated companies  for an alleged $1.8 billion securities fraud scheme that has affected approximately 17,000 investors across the United States (700 New Jersey investors).   GPB is a New-York based alternative asset management firm focusing on acquiring income-producing private companies and offering investors private placements in the funds. Investors must ...

Robinhood case to test Massachusetts fiduciary rule But an investor advocate praises the state for targeting conduct other than outright fraud December 17, 2020 2 MINS Massachusetts regulators took on a difficult case against Robinhood to debut the state’s strengthened investment advice standard for brokers, compliance lawyers said. On Wednesday, Secretary of the Commonwealth William Galvin charged the rapidly growing online trading platform with violating the Massachusetts fiduciary rule that went into force in September. Under the regulation, brokers must make financ...

Into the deportation process, which would use tremendous government resources from i.c.e. to having to process these individuals to going to an immigration court where they have to see a judge and use the resources of an already overburdened immigration court and the trials court system and then finally when they get a deportation order from an immigration judge, only then could they ask the immigration and customs enforcement office, i.c.e., saying please don't carry out this deportation order. let me apply for a stay of my deportation. >> wow. it's, i mean, a very key distinction there that ...