UWM raises $2.05 billion after $451.9 million Q2 loss
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DeFI Exploits : Crypto Hacker Spends $4M To Drain $20M From BonkDAO’s Treasury, No Smart Contract Failed
Immunefi indicated that a recent incident involving BonkDAO highlights a troubling shift in how digital assets are being compromised. An individual invested approximately $4 million to acquire sufficient voting power, enabling the passage of a malicious governance proposal during a period of limited participant engagement. This allowed the extraction of around $20 million from the…
How Advisors Can Prioritize Wellness and Family Time
When I launched my practice 22 years ago, I had young children at home. I decided to do something most people were not: I took every Friday off in the summer to ensure I had time with my boys. Taking a long vacation wasn’t feasible, but this was manageable and set the tone for the…
MSRB files amendments to Rule G-27 on dealer supervision with SEC
Natasha Holiday The Municipal Securities Rulemaking Board on Monday filed amendments to MSRB Rule G-27 with the Securities and Exchange Commission, a move MSRB Board Chair Natasha Holiday described as “an important step” in the MSRB’s continuing efforts “to engage with stakeholders and address requests for greater flexibility and modernization” of the MSRB’s dealer supervision…
EverBank, WaFd say merger would address each firm’s issues
Key insight: In a merger announced Monday, Seattle-based WaFd plans to combine with Jacksonville, Florida-based EverBank. Expert quote: “While investors may need time to get to know EverBank and its long-term strategy, we view it as a logical combination that should position EverBank and WaFd to generate more competitive returns together than either could achieve…
US July ISM services index 54.1 vs 54.5 expected
Prior was 54.0 Prices paid 70.3 vs 67.7 prior New orders 57.2 vs 55.1 prior Employment 47.4 vs 51.2 prior Business activity 59.1 vs 55.4 prior The S&P Global final PMI for July was released shortly before this report and was at 54.6 vs 53.6 previously, that was an 8-month high. This report missed but…
SEC Charges San Francisco Bay Area Private Fund Executives with Multimillion Dollar Ponzi-Like Scheme
The Securities and Exchange Commission today charged Mark D. Hanf, the former CEO of Novato, California-based Pacific Private Money Group LLC (PPMG), and Hoai-Nam Chu Phan, the former COO of a PPMG subsidiary, with orchestrating an offering fraud that raised more than $80 million from approximately 190 mostly retail investors, many of whom were retired…
