The Daily Dig for Friday, Oct. 31

SEC accredited investor recommendations no treat for the industry

Rumor has it this guy was in charge of defining accredited investor for the SEC

Rumor has it this guy was in charge
of defining accredited investor for the SEC

The majority of the recommended changes to the definition of ‘accredited investor’ would serve the exact opposite purpose of what is needed, Anthony Zeoli believes.

Big banks checking the sofa to pay for looming fines

Deja vu all over again, as several big banks are checking the sofa in preparation for the next big fine.  This time it is for foreign exchange rate manipulation,a Wall Street Journal report explains.

Bad loans increasing in China

A tighter economy is feeding more loan defaults in China.  Gabriel Wildau analyzes the impact.

How can financial pros gain from fintech startups?

The benefits of early adoption are but one reason financial professionals should be paying attention to what is happening in the fintech world.  Josh Elwell has more.

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