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The Securities and Exchange Commission today announced that, in fiscal year 2016, it filed 868 enforcement actions exposing financial reporting-related misconduct by companies and their executives and misconduct by registrants and gatekeepers, as the agency continued to enhance its use of data to detect illegal conduct and expedite investigations

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The United Kingdom Greetings, 1. We begin with the UK as the British pound just saw the largest decline since the EU Referendum vote. At around 7 PM EST, the currency dropped by 6% before recovering later in the evening. Traders blame the so-called “pound flash crash” on algo trading. 2. The market-based UK inflation

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On Wednesday, the SEC levied fraud charges against Laurence Balter, a 46-year old Kihei, Hawaii resident and former founder, sole-owner, and principal of the now-defunct Oracle Investment Research. At its peak in February 2013, Oracle had $47 million in regulatory assets under management. Most of Balter’s clients were over 60, nearing retirement or retired. They were individual, unsophisticated investors, the SEC found, with little investing experience to speak of

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