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  • American City Business Journals8 days ago

    EF Hutton launches new service

    Springfield-based financial group EF Hutton Inc. has created a new mobile service for its investing business. The company said its mobile platform will launch in April, intended to be a one-stop platform to manage an entire financial portfolio, it said in a release. The platform will allow customers to access financial services and buy stocks, conduct banking, see payments and expenses, manage taxes and other services from real estate to bankers and financial advisors.

  • American City Business Journals2 months ago

    Donald Trump nominates Wall Street lawyer to lead SEC

    President-elect Donald Trump has picked Wall Street lawyer James Clayton to be head the U.S. Securities and Exchange Commission. Clayton's name emerged as one of the top candidates — a nomination that many Wall Street investors and Fortune 500 executives have been anticipating on the heels of Trump's meeting the legal advisor back in December. Clayton, known for advising Alibaba Group Holding Ltd. for its record $21.8 billion initial public offering and helping to orchestrate the 2008 sale of Bear Stearns to JPMorgan Chase & Co., is a partner at New York-based law firm Sullivan & Cromwell.

  • American City Business Journals2 months ago

    E.F. Hutton says it was victim of growing kind of fraud

    Springfield's E.F. Hutton alleges it was the victim of a fraud that is a fast-growing concern for online businesses. The financial services company says it has contacted law enforcement over what it alleges is a "sophisticated internet marketing scheme" run by a Florida group that it hired for digital marketing, according to a release. E.F. Hutton said the company advertised email marketing and other services, but the reality was its traffic was all or largely fake, generated either by click-through e-mail or software aimed at seeming like real traffic.