| November 06, 2017 | "Irreverent, but never irrelevant" | | |  | John Lothian
Publisher
John Lothian News | |
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Hits & Takes
By JLN Staff
CME is pleased to sponsor the Women in Listed Derivatives Annual Symposium in Chicago. This year's symposium will feature Holly Glowaty, co-founder of K + H Connection, a Fintech partnership company, followed by a panel of distinguished financial advisors taking an in depth look at "Women and Personal Investing." The panelist are:
- Carolyn Leonard, CEO and Co-Founder of Dymynd (moderator)
- Patricia DeChant, Vice President at CIBC Atlantic Trust Private Wealth Management
- Mary DiChristafano, Graystone Consulting/Morgan Stanley Private Wealth Management
- Julie Shechtman, Senior Vice President at Morgan Stanley Wealth Management
- Khloà Karova, Owner of Modern Capital Concepts, an independent Registered Investment Advisor
The event will be held in CME's Auditorium followed by cocktails at Rittergut. Register here for Annual WILD Symposium Nov 14.~JJL
Thursday is the LaSalle Street Trading Tech Awards event where the firms who supported the Trading Tech 300 program will be recognized and honored. John Hague of RSM and I are the co-chairs of the event, which will see five Scouts honored for earning the Harlan Ten Pas Award for having completed five merit badge clinics in the program. Email me if you are interested in learning more about the program or event and want to attend.~JJL
HKEX unveiled its new market website today at www.hkex.com.hk~JJL
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Firms Learn That as They Help Charities, They Also Help Their Brands
Paul Sullivan - NY Times
Adopting a tiger in India, donating yoga classes to disadvantaged children in Los Angeles or building homes for residents of a struggling New Jersey city might seem unrelated.
/goo.gl/fdCJpb
***** Bingo. A key reason to help me with the LaSalle Street Trading Tech Awards and to sign up for the Trading Tech 300 program.~JJL
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How to nudge dispensable directors out the door; The barrier to change on US boards is humans, who tend to cling on to a good thing
Andrew Hill - FT
"People embrace change until they're the ones that need to be changed," according to one US board director and former government official.
/goo.gl/JyqcXb
***** Not sure why I immediately thought of the CME Board of Directors when I read this, but I did.~JJL
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Friday's Top Three
The big news at the end of last week was Goldman Retreats From Options as Stock Derivatives Trading Struggles. In second place was CME Group's paper from Blu Putnam and Erik Norland on The Evolving Economics of Bitcoin, Gold and Fiat Currencies. Third went to the Financial Times' ICE confident it is not over-reliant on sale of trading data.
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MarketsWiki Page of the Day: Xavier Rolet
MarketsWiki
The orderly transfer of power as Xavier Rolet steps down from the London Stock Exchange may be thrown into disarray by hedge fund manager Christopher Hohn's contention the LSE is forcing Rolet out and that Chairman Donald Brydon should quit instead. Hohn's TCI Fund Management holds more than 5 percent in the exchange.
/goo.gl/eIYyEG
| MarketsWiki Statistics Sponsored by Level Trading Field | - 110,836,387 pages viewed
- 22,898 pages
- 210,367 edits
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| Lead Stories | Rolet's Exit From LSE Gets Complicated as Hohn Seeks U-Turn
Edward Robinson, Nishant Kumar, and Will Hadfield - Bloomberg
Hohn's TCI Fund Management also urges Chairman Brydon to quit; Hedge fund believes Rolet, 57, being ousted against his will
When London Stock Exchange Group Plc announced last month that Chief Executive Officer Xavier Rolet would leave at the end of 2018, Chairman Donald Brydon celebrated his "remarkable achievements" and thanked him for staying in the role until a successor is found.
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Alwaleed, Caught in Saudi Purge, Has Assets Across the World
Matthew Martin, Archana Narayanan and Sarah Algethami - Bloomberg
Citigroup, Apple, Twitter, Lyft are among his investments; Transactions are shrouded in secrecy via intertwined funds
When Prince Alwaleed bin Talal was arrested as part of an anti-corruption probe in Saudi Arabia, it was the latest twist in the story of a billionaire who has courted international attention -- while cloaking his investments in secrecy.
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Millions of Leaked Files Shine Light on Where the Elite Hide Their Money
Michael Forsythe - NY Times
It's called the Paradise Papers: the latest in a series of leaks made public by the International Consortium of Investigative Journalists shedding light on the trillions of dollars that move through offshore tax havens.
/goo.gl/R9hmxc
****SD: The Guardian here.
The wealthy men in Trump's inner circle with links to tax havens; The president promised to bring trillions of dollars back to the US, but many around him are no strangers to the offshore world
Jon Swaine and Ed Pilkington in New York - The Guardian
On the election trail in 2016, Donald Trump promised tax reforms to tempt major US companies back onshore and "bring back trillions of dollars from American businesses that is now parked overseas".
/goo.gl/1v6fiV
Crackdown on Billionaires and Other Top Officials Shakes Up Saudi Arabia
Vivian Nereim, Alaa Shahine and Sarah Algethami - Bloomberg
Saturday purge brings crown prince closer than ever to power; Investor Alwaleed arrested as part of anti-corruption drive
Even by the standards of Crown Prince Mohammed bin Salman, whose meteoric ascent has put him on the cusp of the Saudi throne at the age of 32, the Saturday night crackdown was stunning.
/goo.gl/YqXbhN
SEC Is Said to Prepare Easier Path for New Exchange-Traded Funds
Benjamin Bain and Robert Schmidt - Bloomberg
Chairman has asked staff to revisit 2008 proposal, people say; Plan would address complaints over time and cost for approvals
U.S. Securities and Exchange Commission Chairman Jay Clayton is working to streamline the agency's ad hoc approach to approving new exchange-traded funds, p
/goo.gl/puRS7W
To Meet Carson Block, He Posed As Journal Reporter...And Got Caught; A peek into the sometimes cloak-and-dagger world of a small but influential circle of short sellers and the companies they target
Nick Kostov - WSJ
Late last month, Carson Block, the founder of short seller Muddy Waters LLC, accepted an invitation from a man identifying himself as a reporter for The Wall Street Journal.
/goo.gl/rZBFKg
European Banks Are Poaching From U.S. Rivals, With 30% Pay Hikes
Hannah Levitt and Hugh Son - Bloomberg
After years of restructuring, investment banks resume hiring; They're offering compensation boosts to regain market share
European investment banks are back in the hiring game, raising the stakes for compensation on both sides of the Atlantic.
/goo.gl/7XsjK6
BP, Shell lead plan for blockchain-based energy trading platform
Reuters Staff
A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday.
/goo.gl/ssXHwQ
Top banks and R3 build blockchain-based payments system
Jemima Kelly - Reuters
Fintech firm R3 and 22 of the world's biggest banks have together developed an international payments system that would allow existing central bank currencies and any new digital ones to be transacted via the blockchain, R3 said on Tuesday.
/goo.gl/u1k6ET
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| Exchanges, OTC & Clearing | | Top news from exchanges, clearing, settlement and trade execution facilities | Trump backs New York in bourses' battle for Saudi Aramco listing
Jonathan Landay, Reem Shamseddine - Reuters
U.S. President Donald Trump publicly appealed on Saturday for Saudi Arabia to list national oil company Saudi Aramco's shares in New York, intervening in a battle among the world's top stock exchanges.
/goo.gl/J1b1t6
Nasdaq to Hold a Moment of Silence for Victims of the Texas Church Shooting
By GlobeNewswire
Nasdaq will observe a one-minute moment of silence at 9:20 a.m. Eastern Time (ET) in remembrance of those lost and injured in the Texas attack. Our thoughts are with the victims and families.
/goo.gl/EcZpQJ
LSE has made strong case for Aramco listing: UK PM's spokesman
Reuters Staff
The London Stock Exchange has made a "very strong case" for oil company Saudi Aramco to lists its shares in Britain, a spokesman for Prime Minister Theresa May said on Monday after President Donald Trump urged the king of Saudi Arabia to list in New York.
/goo.gl/zkuKGo
London Stock Exchange Denies CEO Being Forced Out
NY Times
London Stock Exchange Group rejected claims by leading shareholder and activist hedge fund TCI that it was forcing out Chief Executive Xavier Rolet, saying on Monday it had followed a "proper governance process".
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SIX Swiss Exchange At Midpoint: A year of growth
SIX
SwissAtMid has offered participants improved best execution possibilities on Swiss equities with the chance of significant price improvement.
/goo.gl/XoobZB
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| Fintech | | A roundup of today's market tech news and a look at tomorrow's disruptors | China and Australia to cooperate on fintech; Csrc ChinaAustralian Securities and Investments Commission
ASIC
The China Securities Regulatory Commission ('CSRC') and Australian Securities and Investments Commission ('ASIC') have entered into an agreement to promote innovation in financial services in their respective markets.
/goo.gl/ECCpEk
Rival Systems Wins Best Buy-Side Commodities Trading Platform Award for Second Consecutive Year; Buy-Side Technology Bestows Honor for Rival Trader / Rival API
Rival Systems
For the second consecutive year, Rival Systems (Rival), a leading provider of trading and risk management software, has won Buy-Side Technology's award for "Best Buy-Side Commodities Trading Platform." The Waters Technology publication announced the honor for the firm's Rival Trader and Rival API offerings at its 2017 awards ceremony on Friday in London.
/goo.gl/SepWvb
Diary of an African Cryptocurrency Miner; A young Kenyan goes from doing odd jobs on the farm to growing virtual coins, as cryptocurrencies spread across the continent.
Camila Russo and Samuel Gebre - Bloomberg
Eugene Mutai's Nairobi apartment is filled with the sound of money: That would be the hum of a phalanx of fans cooling the computers he's programmed to mine cryptocurrencies around the clock.
/goo.gl/C4HSJY
Bitcoin's Contentious Bid for Legitimacy; A price surge further divides true believers from skeptics.
Mohamed A. El-Erian - Bloomberg
Instead of bringing clarity, an impressive price surge last week accentuated the differences within the financial industry about the future of the bitcoins. Opinions range from those asserting that we are witnessing the birth and maturation of a new global currency to those who argue that the phenomenon is a "fraud," with a large middle either reserving judgment or arguing that it will last but currently may risk being in the midst of a speculative price bubble.
/goo.gl/Agj6ht
Bitcoin is on the same path as every bubble in history
Tom Stevenson - Telegraph
Legend has it that Joe Kennedy, father of former president John F Kennedy, avoided the stock market crash of 1929 by selling his entire portfolio just days before prices collapsed. He did this, the story goes, after receiving a share tip from a shoeshine boy. When taxi drivers, lift attendants and young lads on the sidewalk are speculating in stocks, he concluded, "the market is too popular for its own good".
/goo.gl/sZZu8H
CloudMargin Wins Award For Best Buy-Side Collateral Management Tool For Third Consecutive Year From Buy-Side Technology - Only Firm To Win Category Since Its Creation By The Waters Technology Publication
Mondovisione
CloudMargin, the multi-award winning creator of the world's first web-based collateral and margin management solution, has for the third consecutive year won the award for Best Buy-Side Collateral Management Tool from Buy-Side Technology (BST). Officials from the Waters Technology publication announced the award on Friday in London.
/goo.gl/jhAFs2
Here Are the Big Names Who Are Backing and Slamming Bitcoin
By Eric Lam - Bloomberg
Credit Suisse's Thiam says currency fits bubble definition; The cryptocurrency has Goldman's Blankfein on the fence
Is bitcoin a legitimate asset, or a super-bubble waiting to implode? As prices for the cryptocurrency skyrocket, investors and pundits are increasingly taking sides.
/goo.gl/Jq7Z4M
Keeping computers secure is becoming a nearly impossible task
Steve Goodbarn, Contributor - Business Insider
Imagine a lethal form of bird flu in the wild. To prevent infestation, your solution is to station sharpshooters along the border to shoot each bird that flies into your territory and also analyze each bird already within that territory to determine if it is a carrier. But it only takes one breach of these defenses and a pandemic is underway.
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NY investigators probing bitcoin-like currencies worth $3.2B
By Kevin Dugan - NY Post
Wall Street has a new toy  and regulators are warning that some pieces of the popular product can cause your portfolio to choke.
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| Politics | | An overview of politics as it relates to the financial markets | A new twist: Trump a victim of hackers years before election
By TAMI ABDOLLAH, ASSOCIATED PRESS
Four years ago, well before the furor over allegations Moscow meddled in the 2016 election that put Donald Trump in the White House, at least 195 web addresses belonging to Trump, his family or his business empire were hijacked by hackers possibly operating out of Russia, The Associated Press has learned.
/goo.gl/MSycHQ
Trump's H-1B Reform Is to Make Life Hell for Immigrants and Companies; U.S. Citizenship and Immigration Services is challenging an unusually large number of H-1B applications
Joshua Brustein - Bloomberg
Donald Trump came into office promising a restrictive new approach to immigration and there has been little question about his intention to follow through  with one seeming exception. Despite its enthusiastic rhetoric about the H-1B program, which provides temporary visas to high-skilled workers, the administration failed to make significant changes in time to impact the program's annual lottery this April, leaving some who had anticipated action fuming. It has also declined to take up any of the legislative proposals for H-1B overhaul.
/goo.gl/M4yiwx
A Republican tax plan that will help the rich and harm growth; Are shareholders really the most worthy recipients of a windfall?
Lawrence Summers - FT
With the release late last week of the Republican tax proposal, the most important debate on tax in the US in a generation is now in full swing.
/goo.gl/nCA83P
Russian Twitter Support for Trump Began Right After He Started Campaign; In three months after Mr. Trump announced his candidacy, tweets from Russian accounts offered far more praise for the businessman than criticism
Mark Maremont and Rob Barry - WSJ
Kremlin-backed support for Donald Trump's candidacy over social media began much earlier than previously known, a new analysis of Twitter data shows.
/goo.gl/JWx8tu
Trumpadamus: how the president's tweets have predicted his own future; Long before he led the country, the real estate mogul warned of a 'moron' in power, the world 'laughing at us', and the longevity of sharks
Adam Gabbatt - The Guardian
Donald Trump might be proving an ineffective president - see the last nine months - and by many accounts he wasn't a great businessman - see the four bankruptcies - but one area where he has excelled is in predicting the future.
/goo.gl/FdzKeX
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| Regulation & Enforcement | | For more regulatory, visit MarketsReformWiki, our website focused on current market reform efforts. | U.S. Investigates Credit Suisse, VTB and BNP Paribas for Roles in Selling Mozambique Debt; FBI probes whether banks facilitated corruption; Justice Department has met with investors
Matt Wirz, Rebecca Davis O'Brien and Jenny Strasburg - WSJ
The U.S. Justice Department and Federal Bureau of Investigation are investigating three international banks for their roles in selling about $2 billion of debt for Mozambique, opening a new phase in the global inquiry into the bond deals, people familiar with the matter said.
/goo.gl/Rrr8cz
Former stockbroker sentenced for dishonest use of clients funds
ASIC
Mr Lewis Anthony Wright Fellowes, a former strockbroker from Perth, Western Australia, has been sentenced in the Brisbane District Court on dishonesty charges brought by ASIC.
/goo.gl/jyGKcv
FCA publishes Future Approach to Consumers; The Financial Conduct Authority (FCA) has today published its 'FCA Mission - Our Future Approach to Consumers'.
UK FCA
When the FCA launched its Mission, it committed to publishing a series of documents that would explain its approach to regulation in more depth.
/goo.gl/voV1HD
FCA to launch broker probe
by Terry Gangcuangco - Insurance Business Magazine
FCA to launch broker probe The Financial Conduct Authority (FCA) recently released the findings of its asset management market study; now a report by the Financial Times says next in line for scrutiny are wholesale insurance brokers.
/goo.gl/yLsq5p
German prosecutors investigate possible Metro insider dealing
Reuters Staff
German prosecutors are investigating multiple officials at Metro AG (B4B.DE) for possible insider trading and market manipulation, they said on Monday.
/goo.gl/XWM9iN
China and Australia ink fintech deal to share information on new trends; Regulators in both countries will provide each other with insights on experiments with regulatory technology
Ryan Browne - CNBC
China and Australia's regulators have agreed to partner up on financial technology (fintech), a move that will give them oversight on new trends in each other's markets.
/goo.gl/VWfr28
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| Investing & Trading | | Today's top stories from equities, indices and FICC (fixed income, currencies and commodities) | Bull Market Should Make Investors Happy. This One Isn't.
Landon Thomas Jr. - NY Times
One day in September, investors with fading summer tans mingled with their brokers over a three-course lunch at Cipriani in Lower Manhattan. Stocks were soaring and they swapped market tips and touted apps that allowed them to buy Bitcoin on the golf course. But the full stomachs and fat portfolios couldn't mask a sense of unease that pervaded the gathering: that the good times could suddenly end, derailed by nuclear war, political upheaval, a sudden rise in inflation or simply from stratospheric stocks crashing down to earth.
/goo.gl/GYKj85
Donors Use Bitcoin for Tax Benefits and to Keep Tabs on Spending
Bryan Borzykowski - NY Times
Like many Americans, Brad Hines spent much of September watching hours of hurricane coverage on television.
/goo.gl/p5T699
London Metal Exchange Week galvanised by electric dreams
Andy Home - Reuters
The future is bright. The future is electric.
The green technology revolution lit up this year's London Metals Exchange (LME) Week.
"Electric vehicles are a great long-term story" for industrial metals, according to Colin Hamilton, head of commodities research at BMO Capital Markets.
/goo.gl/jwRgUU
Investors Worldwide Size Up Palace Intrigue in Oil-Rich Kingdom
Clifford Krauss - NY Times
Just two weeks ago, Saudi Arabia gathered the global business elite in Riyadh, promising a new age for the oil-rich kingdom as it sought to court overseas money and investment.
/goo.gl/U7tJ5M
Record bets against coffee raise volatility risk; Positions based on rain in Brazil at mercy of La Niña event
Emiko Terazono in London - FT
Traders have amassed near record bets that coffee prices will fall further, raising the prospect of volatility for one of the world's most popular agricultural commodities if prices rise instead.
/goo.gl/UT6KHC
Here Are the Stocks and ETF to Watch After Saudi Arrests
Arie Shapira - Bloomberg
A procession of shocking news out of Saudi Arabia, including the arrests of dozens of high-profile nationals, sparked two whipsaw sessions in the country's stock market, which has rallied almost 3 percent from its intraday lows on Sunday.
/goo.gl/EFa3vk
Yield-Starved U.K. Pension Funds Jump on Private Debt Bandwagon
Aine Quinn - Bloomberg
Retirement funds turn to direct lending to boost returns; Private debt luring investments in low yield environment
A newly created credit fund carved out jointly by two U.K. local government pension authorities plans to earmark almost half of its assets for investments in direct lending.
/goo.gl/BFzUN8
Crash fears escalate as markets hit highs not seen since Black Tuesday and dotcom disaster
Tim Wallace - Telegraph
Soaring stock market valuations on both sides of the Atlantic are stoking fears of a looming correction as valuations hit levels not seen since the dotcom bubble and the eve of the Wall Street crash.
/goo.gl/NQ8TQP
Time for crowdfunding platforms to get serious about transparency
Sacha Bright - City AM
The patient capital review consultation may have closed in September, but debate around it has not.
/goo.gl/vZW5op
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| Banks, Brokers & Managed Funds | | The latest from banks, brokers, hedge funds and managed futures | New York Fed President Dudley to Announce Early Retirement; Announcement could come as early as Monday, search for successor to start immediately
Michael S. Derby and Nick Timiraos - WSJ
The president of the Federal Reserve Bank of New York is set to announce he will retire next year, about six months earlier than scheduled, adding to an unusual wave of turnover among the central bank's top monetary and regulatory decision makers and ushering in new uncertainty about its policy course.
/goo.gl/eNsgxi
Bank Bets Tied to Government Bailouts Soar Up to 1470% in a Year; Funds run by John Paulson, Bill Miller among winners as warrants rally
Rachel Louise Ensign -WSJ
The U.S. banking industry is boomingÂa development that is bringing windfall gains to a small group of investors who had the gumption to buy esoteric bank securities when the outlook for financial firms and the economy were far less clear-cut.
/goo.gl/QotB7m
'Rockefeller. I want that name out there again and again'; Greg Fleming trades Merrill and Morgan Stanley to head oil family's new fund manager
Ben McLannahan - FT
Greg Fleming was on a treadmill in Dallas on the morning of Wednesday September 10 2008, watching earnings from Lehman Brothers, when he became convinced it would fail and his company, Merrill Lynch, would be next. The calls the ex-president of Merrill Lynch made over the next couple of days were vital in arranging a $50bn rescue by Bank of America by 8am on Sunday. Lehman went bust a day later.
/goo.gl/z88nwp
Credit Suisse names Galietto to head U.S. stock trading
Olivia Oran - Reuters
Credit Suisse Group AG has hired Paul Galietto as head of Americas equities trading, according to an internal memo seen by Reuters, in a move to further boost its stock business.
/goo.gl/QX1upG
HSBC Commits $100 Billion to Combat Climate Change
Natasha Bach - Fortune
HSBC Monday unveiled a raft of new commitments to fight climate change and cut the climate-related risks in its own business model.
/goo.gl/EJ7qEH
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| Regions | | Stories of local interest from the Americas, EMEA and Asia-Pacific regions | Round-up of Saudi princes, businessmen widens, travel curbs imposed
Reem Shamseddine, Stephen Kalin - Reuters
An anti-corruption probe that has purged Saudi Arabian royals, ministers and businessmen appeared to be widening on Monday after the founder of one of the kingdom's biggest travel companies was reportedly detained.
/goo.gl/3PYpfY
China's Central Bank Chief Warns of 'Sudden, Contagious and Hazardous' Financial Risks
Bloomberg News
China's financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has made a series of blunt warnings in recent weeks about debt levels in the world's second-largest economy.
/goo.gl/G4N6W8
Downgrades Shadow Moody's, S&P's Push Into China; As ratings firms plot entry into long-coveted market, questions remain as to China's openness to international raters
Shen Hong, Manju Dalal and Gunjan Banerji - WSJ
The world's largest bond-rating firms are on the verge of gaining unfettered access to an arena they have long coveted: China's booming market for corporate debt.
/goo.gl/gif4qP
Goldman, China's Sovereign-Wealth Fund Plan Up to $5 Billion in U.S. Investments; China Investment Corp. teaming up with top Wall Street bank on multibillion-dollar investment fund
Chao Deng, Lingling Wei and Julie Steinberg - WSJ
Goldman Sachs Group Inc. and China Investment Corp. are partnering on a multibillion-dollar fund to help the giant Chinese sovereign-wealth fund invest in U.S. manufacturing and other sectors, according to people familiar with the matter.
/goo.gl/CCwGoU
Glencore's Role in Paradise Papers: What You Need to Know
Thomas Wilson - Bloomberg
Law firm had 'Glencore Room' at Bermuda Office, Guardian says; Documents cover Glencore in Congo, Australia and shipping unit
The activities of Glencore Plc, the world's biggest commodity trader, are under scrutiny after a massive leak of confidential information from offshore law firm Appleby Global Group Services Ltd.
/goo.gl/hcbbdT
Rich Nations Fail to Help Developing World Fight Climate Change
By Joe Ryan - Bloomberg
Clean-energy investments fell last year in emerging markets; Developed nations falling short of promises, BNEF says
Wealthy nations are falling short on promises to help the developing world reduce greenhouse gases by investing in clean energy, jeopardizing the global fight against climate change.
/goo.gl/ZJ6EWX
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| Brexit | | Financials stories regarding the decision of the United Kingdom to leave the European Union | U.K. Plc Wants End to Brexit 'Soap Opera' in Bid for Certainty
Alex Morales - Bloomberg
CBI chief summons world war II spirit of national unity; Most pressing concern for business is transitional arangements
U.K. business called for an end to the "soap opera" of Brexit and a return to the spirit of national unity last seen in World War II as it pushed for certainty on Britain's future relationship with the European Union.
/goo.gl/iS1JwS
May to Say Brexit Transition Phase 'Crucial' for U.K. Business
Brian Swint - Bloomberg
Britain's business lobby wants end to 'soap opera' of talks; Carney says BOE may not be able to cut rates if deal sours
U.K. Prime Minister Theresa May will tell one of the nation's biggest business groups that she backs a Brexit transition period to give companies more certainty, while urging executives to be more optimistic about the process.
/goo.gl/2CFqPG
The City's response to Brexit is far from settled as the second stage of negotiations looms
Christian May - City AM
For the first time in months, Brexit didn't make it onto the front pages of the Sunday newspapers.
/goo.gl/kphbAo
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| Miscellaneous | | Stories that don't quite fit under the other sections | Covert influence is the new money laundering
Cortney Weinbaum,TechCrunch
Google is the most recent company known to have discovered evidence of Russian covert influence on its books. As more media companies realize Russia bought advertising space or promoted news stories -- fake and otherwise -- on their platforms, covert influence has become the new money laundering.
/goo.gl/AtLShD
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Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
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