The Takeaway: Panicked ETF sellers nailed with sharp NAV discounts

Portfolio The Fed just blinked. That didn't take long.  (The Reformed Broker) Atlanta Fed President: Here's why I dissented at the Fed meeting this week.  (Wonkblog) Panicked ETF sellers get nailed with sharp NAV discounts.  (Focus On Funds) The Biz "Vince Lowry, an ex-cop and Smith Barney managing director has made a big bet on Chinese ETF market that's mushroomed from $12 million $38.8 billion in the last decade" - huh?  (RIA Biz) Carl Richards: Your values are not the same as those of your clients' - nor are they important.  (Morningstar) Morgan Stanley gets regulatory go-ahead to buy the rest of Smith Barney for $4.7 billion.  (DealBook) Former SEC guy to Mary Jo White: Stop suing compliance officers!  (Advisor One) Outliers Breaking: Finra gets super-serious over vetting arbitrators after one is indicted.  (Investment News) *** Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.