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Trader loses job as shorted stock surged

Trading

A Wall Street trader said Cynk Technology's 36,000% stock surge cost him his job, and he blames a short squeeze and regulators who didn’t halt the shares before the company’s value shot past $6bn.

Brokers leave Morgan Stanley

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Craig Stuvland, former president of Common Sense Investment Management, lured four Morgan Stanley brokers with $650m in client assets to a new firm that supports independent financial advisors.

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