NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

Opinion: ‘I feel like I am reliving the summer of 2008.’ Strategist David Rosenberg sees bear market sinking the S&P 500 to 3,300

The US stock and the bond markets are finally in the process of catching up with our views. We always believed these past two years represented a fake bull market built on sand, not concrete. And frankly, we also remain steadfast of the view that the inflation scare is going to pass very soon – … Read more

Regulator sounds alarm on commodity markets as LME outlines reform

Another regulator said volatile commodities markets were a cause for concern, as bearish sentiment becomes more entrenched in the financial system. Commodity market volatility could have a “disproportionately large macroeconomic impact” and spill over to the broader financial markets, said Klaas Knot, chair of the Financial Stability Board and president of the Netherlands’ Central Bank. … Read more