The Fed is also requiring banks to re-submit capital plans later in the year & “will use this information to make a further assessment of the banks’ financial conditions & risks.” That’s a “broad negative” since it “signals more uncertainty:” BI’s Williams
Reg. BI’s 401(k) Rollover Obligations: The SEC’s new Regulation Best Interest (“Reg. BI”) imposes a set of obligations on broker-dealers when giving advice to retail customers. Reg. BI in part targets transactions… ^ > @WKTAAUS
Spoke to a hemotologist who said Ingram’s likelihood of a full recovery is in the high 90s percent-wise since his issue was structural. BI’s agent Jeff Schwartz said, “This is the best set of facts you could have with a clot.“ He’ll be pretty much recovered in 3-4 months.