They call it a "civil monetary penalty" or a "fine," but those terms seem hollow when a financial firm itself is whacked for millions of dollars by regulators ... Who does this hurt? Management does not pay
In both the securities and derivatives worlds, new rivals have emerged to offer comparable services for similar transactions. Here we question whether exchange mergers can stem the gains made by those alternatives.
So, the iShares Silver Trust just added 572 metric tons of physical silver to its portfolio, which, according to one report, brings its gross holdings of the precious metal above 10,000 tons. This is a completely legitimate investment under U.S. law.