The markets tend not to overreact to most turbulent political and social environments, said Michael Townsend, Schwab’s head of legislative and regulatory affairs.
Firms may be cognizant that the wealth gap is an issue, but may feel they don't have the tools or language to respond, said Chloe McKenzie, CEO of On a Wealth Kick, speaking at Schwab IMPACT.
Investment strategist Andy Rothman said he was "90% sure" there would be a trade deal between the U.S. and China by month's end during the discussion at the Schwab IMPACT Conference in San Diego.
Charles Schwab, Walt Bettinger and Bernie Clark all took part in the presentation, held at the start of the first full day of the annual conference in San Diego.
The chair of the Securities and Exchange Commission said the new Form CRS could be a substantial tool for state enforcers, during a discussion at Fordham University School of Law.
The sentencing of Jay B. Ledford comes several weeks after his co-conspirator was sentenced to 22 years in prison, with both also ordered to recoup victims' losses.