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J.P. Morgan's alleged crime ring:Mike Nowak's global trading desk at JPMorgan was the powerhouse in futures contracts for gold, silver, platinum and palladium. Now, federal prosecutors have accused him and two other traders for participating in a racketeering conspiracy in connection with a...

Crime part is incorrect...

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"If you need to hedge your position, you should not own it in the first place." - Stan Druckenmiller, Hedge Fund Legend

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Purported Hedge Fund Manager Charged with Fraud (HedgeCo.net) (HedgeCo.Net) The Securities and Exchange Commission today charged a Long Island, New York man and his wholly-owned company with defrauding investors by falsely claiming to manage a successful hedge fund. According to the SEC’s...

Take N.Y. Real Estate Mogul’s Liveyourbeastlife at 30-1 in the Preakness (Bloomberg) William Lawrence, a New York real-estate guy, has for years teamed up with hedge-fund billionaire Seth Klarman to buy racehorses. Invariably, the two men, along with an old friend of Klarman’s, slap awfully...

“Only a life lived for others is a life worthwhile.” - Albert Einstein

Activist Investor Icahn Brings Son Back, Lays Out Succession Plan (Reuters) (Reuters) – Billionaire investor Carl Icahn announced the formal return of his son, Brett, to Icahn Enterprises IEP.O on Thursday, laying the groundwork for a handover of control at one of the world’s most successful...

Billionaire Returns to High-Tax New Jersey to Face $120 Million Tab (Bloomberg) Billionaire David Tepper has returned to New Jersey — a move that may cost him $120 million in state income taxes this year. Tepper, 63, moved back to the Garden State in January for family reasons, people familiar...

Playboy Enterprises Playboy Enterprises will go public again, nine years after the late Hugh Hefner took it private. Hefner's empire is now merging with Mountain Crest, a special purpose acquisition corporation, which will list on the Nasdaq under the "PLBY" ticker. Playboy isn't what it used...

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“You must be the change you wish to see in the world.” - Mahatma Gandhi

Subway ruling Whatever Subway uses to encase its sandwich fillings, it ain't bread. That's according to no less an authority than the Irish Supreme Court, which ruled on the bread-or-not issue in a tax dispute. The court said the substance didn't even count as a staple food—which would have...

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“Truth is powerful and it prevails.” - Sojourner Truth

REGULATION,SELL-SIDESeptember 30, 2020 12:11 PM GMT JP Morgan hit with record $920 million penalty after admitting eight-year spoofing scheme The US Department of Justice, CFTC, and SEC confirmed parallel actions against JP Morgan resulting in a record penalty for the years-long spoofing and...

““A brain constructs a model of reality. If that model isn’t too different from most people’s model, you’re labeled sane. If the model is different, you’re labeled a genius, a misfit, a visionary, or a nutcase. In extreme cases, you’re labeled a schizophrenic and locked up” ~D.M.

“If you want to be a true professional, you’ll do something outside yourself…something that makes life a little better for people less fortunate than you." - RBG