Alliance Global Investors will forfeit $463 million and pay $3.2 billion in restitution to victims of the fraud as well as a $2.3 billion penalty.
Market experts offer their best suggestions for investors facing losses in popular – but sagging – asset classes.
Duquesne Family Office sold about $274 million of Alphabet Inc. shares and $121 million of Carvana Co., ditching both stocks entirely as of March 31.
A quick history lesson suggests that an economic slowdown might not be too terrible.
Treasuries are starting to look more appealing following the historic stock rout.
The Walton family, whose fortune is estimated at nearly $200 billion, invests in mostly low-cost ETFs.