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House likely to approve measure that effectively kills rule package, but it faces uphill battle in Senate
Financial pros argue that a transaction levy will hurt mom-and-pop investors along with investment houses.
GPB paid commissions of 9.3%, or $167 million altogether, on the firm's private placements.
Seven portfolio managers share their outlooks for the rest of the year, generally agreeing that it's been hard for active managers to stand out.
One has dropped by 25.4% and the other by 39%, according to the company.