Clare Bronfman spent millions of the family fortune bankrolling Nxivm's operations and becomes a prime example of the need for discretionary trusts in high-net-worth planning.
The pace of the sharp declines and big rebounds seen earlier this year were unprecedented, with the Fed helping prop up the markets. What happens when that support wanes, wonders ClearBridge's Co-CIO Scott Glasser.
According to the SEC complaint, the famous computer programmer failed to disclose that he was being compensated for touting certain offerings to his hundreds of thousands of Twitter followers.
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