Some of the most epic crashes in market history have taken place in October.October marked the start of the Wall Street Panic of 1907
, the stock market crash leading up to the Great Depression in 1929
, and the Black Monday crash of Oct. 19, 1987
, when equities lost nearly a quarter of their value in a single day.
A client alert shared by Stradley Ronon warns that several states are in the process of debating and potentially adopting their own legislation relating to the fiduciary responsibilities of broker/dealers and investment advisers (Aug 1)
The public may soon be able to delve into how a U.S. District Court judge came to rule that MetLife Inc. is not "too big to fail," after three appeals judges decided many records in the case should be unsealed (Aug 1)
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33 hot new security products announced at Black Hat 2017
Security vendors took advantage of the Black Hat 2017
stage to show off their latest security innovations.
(Aug 2) -- The government and MetLife Inc. must wait for a Treasury Department report before a federal appeals court rules on a challenge to their SIFI (systemically important financial institution) label. Treasury's mid-October report will adresss FSOC's authority to designate nonbank companies as posing a systemic risk to the financial system. The case is on hold indefinitely after the U.S. Court of Appeals for the District of Columbia Circuit gave MetLife and the government a Nov. 17 deadline (or within 30 days of the Treasury report, whichever comes first) to file renewed briefs.