Why is the Powerball so Large?
I will admit, a billion dollar prize got my attention, and my friends and I have been buying tickets.
But why is the big prize so big? CNN has a theory – its the FED!
It actually makes sense. Keep in mind that no one takes the annuity payout; everyone wants the cash.
But it is that annuity payout that everyone focuses on. So why is it so big? 1.9 BILLION dollars is a lot of money…if you wait for it.CNN explains:
$1.9 billion top prize is the amount winners would get, which involves taking 30 equal payments of about $63 million spread out over the next 29 years. Those payments come from an annuity purchased by the lottery sponsors, and the payments factor in an average rate of return.

Interest rates are up, annuity rates are up, lottery payouts are up.
Ok, we get it. But no thanks like every other lottery winner I’ll take my prize in cash.
https://www.cnn.com/2022/11/05/investing/powerball-record-prize-fed-interest-rates-ctrp/index.html?Type=Store&bt_ee=7qsilqhTznC9Nu9UHtDP0x4A1wUpi0ir9ukA%2FPk1G0Xav6yHZUmN7hz2n%2B62ItPI&bt_ts=1667858784450
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https://seclaw.blogspot.com/2022/11/why-is-powerball-so-large.html

AMC Stock Breakdown: Is This Meme Stock A Financial Winner?
AMC stock became a popular meme stock. Now that the phenomenon is over, is it still a buy? Here is what you should know as an investor before adding it to your portfolio.
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SEC Publishes FY22-26 Strategic Plan
The Securities and Exchange Commission today released its Strategic Plan for fiscal years 2022 to 2026, outlining agency objectives to fight against fraud, maintain a robust and relevant regulatory framework, and sustain a skilled and diverse workforce…

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Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
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SEC Charges Goldman Sachs Asset Management for Failing to Follow its Policies and Procedures Involving ESG Investments
The Securities and Exchange Commission today charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance…

Read the Full Press Release
Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
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Halted Stocks – Why The SEC And Stock Exchanges Pause Trading?
The SEC uses trading suspensions to protect investors and to give itself time to investigate potential fraud. Here’s how they work and what investors need to know.
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December 7 Deadline to Comment on New Expungement Proposal
With only 4% of customer complaints being expunged, FINRA is bowing to pressure, presumably from the customer attorneys’ bar, to again make it more difficult to remove false claims from a broker’s public record.
FINRA’s recent proposed amendment seeks to make expungement an even more extraordinary remedy by preventing anyone found liable in a customer complaint case from even seeking it. The proposal would also require that customers who have submitted complaints or other professionals be invited to any hearing on expungement proposals; and it would prohibit the arbitration panels charged with granting or rejecting expungement requests from giving any “evidentiary weight” to a customer’s failure to appear at a hearing.

https://www.financial-planning.com/news/brokers-comment-period-on-finra-expungement-proposal
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https://seclaw.blogspot.com/2022/11/december-7-deadline-to-comment-on-new.html