CFPB pulls back on planned rule targeting data brokers
The Consumer Financial Protection Bureau (CFPB) has withdrawn a proposal from the Biden administration aimed at limiting data brokers from selling personal information of Americans. In a notice filed Wednesday morning, CFPB head Russell Vought stated that such actions were “not necessary or appropriate at this time” and indicated a need for an “update to […]
Are data brokers endangering your retirement security?
You know, I get pretty anxious thinking about that. We work hard all our lives, save for retirement. Then one day, you learn that a company you've never heard of is selling your personal information to anyone who wants to buy it. It's not just alarming. It can actually jeopardize your financial security. These companies […]
Chinese’s brokers red flags facing GOP scrutiny
In the world of free and low-commission brokers, Robinhood is the leader, but it faces increasing competition from a startup known as Webull, founded by one of the top executives at China-based e-commerce giant Alibaba. And Webull's relationship with China, which is increasingly viewed as hostile by the United States, could pose a major obstacle […]
Ex-Douglas Elliman CEO Howard Lorber had ‘intimate relationships’ with brokers — including mother of Jack Nicholson’s love child
Former Douglas Elliman CEO Howard Lorber has admitted to having “intimate relationships” with two of the real estate giant's brokers before abruptly leaving last month — including , including the former actress who was the mother of Jack Nicholson's estranged Aiko. . The company said Loeber's resignation, who resigned on Oct. 22 amid a series […]
How data brokers are fueling elder fraud in America
Concerns about elder fraud are growing in the United States, with an increasing number of crimes targeting individuals over the age of 60. Data brokers are increasingly recognized as a preferred tool among criminals, providing access to personal information that criminals use to improve their fraud schemes. Elder fraud is a category of crime that […]
Trading disrupted as outage hits banks and brokers – Financial Times
Stay up to date with free updates Just sign up Financial Services myFT Digest – delivered straight to your inbox. Global banks, brokerages and financial technology companies including JPMorgan Chase, UBS and Bloomberg were affected by a global IT outage on Friday, leaving some traders unable to access systems to process trades. JPMorgan’s trade execution […]
Wall Street brokers flock to Four Twenty Five in NYC for ‘power hour’ after markets close
Celebrity chef Jean-Georges von Grichten’s new Park Avenue restaurant has become the epicenter of the “power hour,” a new post-pandemic phenomenon for Wall Street powerhouses, Side Dish has learned. As soon as the closing bell rang, traders, investors and executives flocked to Four Twenty Five, a Norman Foster-designed skyscraper that opened in December at 425 […]
China Brokers a Surprising Mid-East Deal
Estimated Reading Time: 6 minutes We think a story of major importance has been buried by the news of bank runs in the US. While not disputing the importance of the bank run stories (we’ve written on this ourselves), the implications of China brokering a deal between Saudi Arabia and Iran are very important. The […]
Eric Adams’ booster Eleonora Srugo one of NYC’s top brokers
He is Mayor Eric Adams’ biggest supporter and is a great broker with great perspective. Superbooster Eleonora Srugo is a luxury real estate agent with Douglas Elliman who has also been talked about online as a potential candidate for “Real Housewives of New York.” Srugo, who is politically sensitive on issues ranging from education to […]
NYSE trading glitch costs Interactive Brokers $48mn – Financial Times
Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. A trading glitch on the New York Stock Exchange last month caused Interactive Brokers to lose $48 million after clients tried to buy large amounts of Berkshire Hathaway shares after they plummeted 99%. The company said […]