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- FINRA RegNote 17-40: AML/KYC Requirements Under FINRA Rule 3310
- Trump defends Roy Moore: 'He totally denies it'
- Barclays CEO Staley's New Investment Banking Strategy Falters
- FIFO: Senate Plan Lets Mutual Funds Skip A Tax Change That Hurts Individual Investors
- FINRA Introduces New Functionality and Design to Fund Analyzer
- Oyster Bay, NY, and Former Top Official Charged with Defrauding Muni Investors
- State Street Challenging BNY Mellon As Largest Custody Bank
- Changes to FINRA Advisory Committees: Phase 1
- SEC Approves CAT Fee Dispute Resolution Process
- Boston-Area Consultant & Friend Settle SEC Insider Trading Charges
- SEC Chair Clayton: Statement on Status of the Consolidated Audit Trail ('CAT')
- Goldman to Launch $5bn Fund with China Investment Corp.
- Wells Fargo Launches Robo-Adviser Targeting Millenial Investors
- Barclays Fails to End U.S. 'Dark Pool' Class Action
- Goldman Sachs' Chief Risk Officer, Craig Broderick, to Retire
- Time to Renew FINRA Registrations - B/D, IA, Agent, IA Rep, Branches
- New Jersey’s Next Governor Could Be a Democrat Who Worked at Goldman Sachs
- FINRA New York Region Networking Seminar - December 1st
- SEC Approves “Pay-to-Play” and Related Rules for Capital Acquisition Brokers
- Hedge Fund Giant Paul Singer Targeted for Destruction by Steve Bannon
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NEWSLETTERS & ALERTS
Ohio Couple in Serious Need of Financial Advice – Starting with Preservation of Capital
CNBC News reported that workers at Goodwill Industries in Zanesville, OH, recently accepted a box of donated housewares – which, to their surprise, also contained a duffel bag filled with almost $100,000. To their further surprise, no one came hunting for the missing cash and the donor, Lynette Leckrone, was apparently unaware that the money was missing.
Earlier that day, husband Dan Leckrone had withdrawn the money - $97,004 to be exact –from the bank and put it in the trunk of the car along with clothes and other household items for donation. The couple is planning to move closer to Wheeling, WV, where they plan to buy a house. But why the withdrawal? According to Dan Leckrone, they “were taking the money to deposit it in another bank where we were moving to.”
Perhaps no one has ever told them about checks, certified checks or wire transfers. Time for some financial planning lessons.
[Click here for similar ‘war stories’: NYTimes]