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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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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Earlier that day, husband Dan Leckrone had withdrawn the money - $97,004 to be exact –from the bank and put it in the trunk of the car along with clothes and other household items for donation.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]