The KUIK Closing Market Report for Monday, June 5:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(22)
points
21,184
2:38 PM
S&P500
Down
-0.1%
percent
2,436
(2.97)
Nasdaq Composite
Down
-0.2%
percent
6,296
(10.11)
30 Year Treasury
Up
3
basis points
2.84
Annual Yield
The Supreme Court announced a unanimous ruling that the Securities and Exchange Commission is subject to time limits when requiring companies or individuals to forfeit ill-gotten gains from fraud. In an opinion by Justice Sonia Sotomayor, the court said enforcement actions that seek to disgorge ill-gotten gains must be brought within five years after the fraud occurred. The case, Kokesh v. SEC, centered on a 2009 lawsuit against Charles Kokesh who was accused of stealing money from thousands of small investors who put cash into funds that he managed during the 1990s and early 2000s.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
