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FINRA Attempt to Change Trading Rule May Cause More Risk: SEC Roundup

[embedded content]Welcome to SEC Roundup, a bimonthly video series by former Securities and Exchange Commission senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Choice Advocates Network. In this episode, Zaccaro and Morgan are joined by Ross Cameron, the founder of Warrior Trading, one of the most recognizable voices in the day trading world, with nearly 2 million YouTube subscribers. Together, they tackle the long-standing — and long-criticized — Pattern Day Trading (PDT) Rule from FINRA, which requires U.S. traders to keep $25,000 in their accounts to make more than three day trades in a five-day period. FINRA is moving to reform the rule — reportedly lowering the minimum account balance from $25,000 to $2,000 — and will be seeking approval from the SEC. Ross shares his firsthand experience navigating this rule throughout his career and explains why it may actually increase risk for new traders. By unlocking four times leverage, the rule effectively encourages overexposure and high-stakes trading — especially for those just starting out. Worse yet, it pushes aspiring traders to use risky offshore brokers or borrow funds just to meet the minimum threshold. See the video for the discussion.

MyChoice releases 2025 Ontario Home Insurance Market Overview 0

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MyChoice releases 2025 Ontario Home Insurance Market Overview

Ontario home insurance premiums rose 7.15% in 2025, driven mainly by climate change See which cities pay the most, why rates are climbing, and how to lower your home insurance costs Toronto, ON (July 16, 2025) – Home insurance costs in Ontario are climbing at an alarming rate, adding to the financial strain on homeowners. In 2025, the average home insurance premium in Ontario jumped by about 7.15% compared to 2024, a rise far above general inflation (2.3% for 2025), and above the national average of 5.3%. This surge continues a multi-year trend of escalating home insurance rates – in fact, Ontario premiums have increased 84% between 2014 and 2024, vastly outpacing the 28% growth in general consumer prices over the same decade. The culprit behind these steep hikes is largely the growing impact of climate-related disasters and higher rebuilding costs. Insured losses from extreme weather hit a record $8.5 billion in 2024 (the highest in Canadian history), including catastrophic events like the 2024 Jasper wildfires ($1.1 billion in insured damages) and Ontario’s 2024 summer flash floods (~$940 million in insured damages). Such frequent, severe disasters are driving up home insurance claims and expenses across the country, forcing insurers to raise premiums to...

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Wyoming Library Director Fired in Book Dispute Wins $700K Settlement

Article 0 Comments A former Wyoming library director who was fired amid an uproar over books with sexual content and LGBTQ+ themes that some people complained were inappropriate for youngsters and who sought their removal from youth shelves will be paid $700,000 after settling a lawsuit. Terri Lesley was fired as the library system director in northeastern Wyoming’s Campbell County in 2023, two years into the book dispute at the library in Gillette. Lesley sued last spring over her termination and reached the settlement with county officials Wednesday. “I do feel vindicated. It’s been a rough road, but I will never regret standing up for the First Amendment,” Lesley said. A major coal-mining area on the Western high plains, Campbell County is among the most conservative areas in one of the most conservative states. Public officials there sided with the book objectors and violated Lesley’s First Amendment rights, Lesley claimed in her federal lawsuit against Campbell County, including its commission and library board. The county denied Lesley’s claims. Only Lesley’s performance — not the dispute over the books — played a role in her dismissal, the county argued in court documents. A private-practice attorney hired by the county for the...

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IRS Furloughs Nearly Half of Workforce as Shutdown Drags On

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

People Moves: Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472; Westfield Specialty Int’l Taps Faraday’s Richardson to Lead Open Market Property 0

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People Moves: Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472; Westfield Specialty Int’l Taps Faraday’s Richardson to Lead Open Market Property

Article 0 Comments This edition of International People Moves details appointments at Liberty Specialty Markets and Westfield Specialty International. A summary of these new hires follows here. Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the appointment of Henry Nelson as active underwriter, subject to regulatory approval. Henry Nelson Nelson will be expanding his duties as chief underwriting officer (CUO), UK & MENA, and will be working in the coming weeks alongside current active underwriter Jane Warren, who is set to retire at the end of 2025. Reporting directly to Luis Prato, president of UK & MENA, Nelson will be responsible for managing the underwriting portfolio of LSM’s Lloyd’s Syndicate 4472, continuing his broader capacity as CUO, which he was appointed to in January this year. Prior to this he had served as chief of staff, along with several other key roles over his 11 years at LSM. Prato thanked Warren for her “outstanding service during her six years at Liberty.” “She has been an influential figure in the market: an outstanding sponsor of diversity, equity and inclusion initiatives at Liberty and through her position on...

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Responsible AI Deployment Linked to Better Business Outcomes: EY

Article 0 Comments As broader adoption of AI technologies continues to accelerate, companies that implement more advanced Responsible AI (RAI) measures are pulling ahead while others stall. According to the second Responsible AI (RAI) Pulse survey from the EY organization, four in five respondents said their company has improved innovation (81%) and efficiency and productivity gains (79%), while about half report boosts in revenue growth (54%), cost savings (48%), and employee satisfaction (56%). The global survey of large corporations also reveals that nearly all organizations report financial losses and widespread impact from compliance failures, sustainability setbacks, and biased outputs. According to EY, Responsible AI adoption involves defining and communicating principles before advancing to implementation and governance. The transition from principles to practice happens through 10 RAI measures that embed commitments into operations. The survey suggests greater adherence to RAI principles is correlated with positive business performance. For instance, those respondents with real-time monitoring are 34% more likely to see improvements in revenue growth and 65% more likely to see improved cost savings. On average, organizations surveyed have already implemented seven RAI measures, and among those yet to act, the vast majority plan to do so. Across all measures, fewer than...

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M&A Settlements in Delaware Chancery Court Have Increased Substantially: Cornerstone

Article 0 Comments The number and total aggregate amount of settlements in merger and acquisition (M&A)-related lawsuits in the Delaware Court of Chancery have increased substantially since 2019, with the total aggregate settlement amount exceeding $600 million in 2024, according to a report by Cornerstone Research. The report, M&A Litigation Settlements in the Delaware Court of Chancery—2012–2024 Review & Analysis, examined 118 monetary settlements between 2012 and 2024 in M&A-related litigation filed in the Delaware court. In 2024, 21 such settlements totaled $618.3 million in the aggregate, a significant increase from five settlements totaling $110.1 million in the aggregate in 2019. According to the research, of the 10 settlements within the study period that equaled or exceeded $100 million, four have occurred since 2022. The most common settlement amounts during 2022–2024 ranged between $20 million and $50 million, while the most common settlement amounts in prior periods were below $10 million. Marsh: Transactional Risk Insurance ‘Remained Resilient’ in 2023 Viewpoint: How Transactional Risk Insurance Became Essential for M&A Certainty “Our analysis shows an upward trend in both the number and overall value of settlements, particularly in the past three years,” said Frank Schneider, a vice president at Cornerstone Research and...

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5 Things to Know About Long-Term Care Risk and Wealth Transfer

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

Extreme Weather Risk is Growing, as are Gaps in Resilience: FM Report 0

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Extreme Weather Risk is Growing, as are Gaps in Resilience: FM Report

Ready for the Storm: Closing the Extreme Weather Resilience Gap – New report reflects views of 950 risk decision-makers and insurance brokers Johnston, RI (Sept. 18, 2025) – Global businesses are seeing the effects of increasingly frequent extreme weather, but many are missing opportunities to fully protect against it, according to a new report by commercial property insurer FM. The report, “Ready for the Storm: Closing the Extreme Weather Resilience Gap,” found that many companies are not fully adopting cost-effective opportunities to close resilience gaps. And while 95% of risk decision-makers at corporations believe they are fully or mostly aware of the extreme weather exposure of their business, only 67% of brokers believe the same of their clients, according to the report. The survey also found that 62% of risk decision-makers report they have suffered at least one severe disruption due to extreme weather in the past three years. FM’s report included recommendations for businesses to close the resilience gap, including taking a long-term view of risk and evaluating supply chains. In the report’s survey of 150 brokers and 800 risk decision-makers from industrial, manufacturing and technology companies: 78% agree that changing weather systems render past assumptions about their exposure...