<b>The Takeaway:</b> Panicked ETF sellers nailed with sharp NAV discounts

Portfolio

The Fed just blinked. That didn’t take long.  (The Reformed Broker)

Atlanta Fed President: Here’s why I dissented at the Fed meeting this week.  (Wonkblog)

Panicked ETF sellers get nailed with sharp NAV discounts.  (Focus On Funds)

The Biz

“Vince Lowry, an ex-cop and Smith Barney managing director has made a big bet on Chinese ETF market that’s mushroomed from $12 million $38.8 billion in the last decade” – huh?  (RIA Biz)

Carl Richards: Your values are not the same as those of your clients’ – nor are they important.  (Morningstar)

Morgan Stanley gets regulatory go-ahead to buy the rest of Smith Barney for $4.7 billion.  (DealBook)

Former SEC guy to Mary Jo White: Stop suing compliance officers!  (Advisor One)

Outliers

Breaking: Finra gets super-serious over vetting arbitrators after one is indicted.  (Investment News)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.