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Opinion
Matt Levine

Be Careful With Your Financial Influence

Also children’s savings accounts, Doing Business rankings, Rule 15c2-11 and Deutsche Bank chutzpah.

So on the one hand, the state of Massachusetts fined Massachusetts Mutual Life Insurance Co. $4 million for letting Keith Gill do the GameStop thing:

Here is the consent order, which is very puzzling in that it … doesn’t say what Mass Mutual, or Gill, did wrong? The gist of it is: