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Mississippi-based clients to receive checks after $12.4M Raymond James settlement

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1 year ago

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www.supertalk.fm – J.T. Mitchell – 2023-07-13 14:37:49

SUMMARY: Mississippi has reached a $12.4 million settlement with Raymond James over allegations that the company charged clients “unreasonable commissions” on trades that harmed investors. The settlement includes $8.2 million in refunds to clients and $4.2 million in penalties and costs to states. State securities regulators found that Raymond James nickel-and-dimed customers on over 270,000 equity transactions and trades over the last five years. The company will also implement updated policies and procedures to prevent the imposition of unfair commissions. Clients who were charged more than 5 percent commission on equity transactions from 2018-2023 will be eligible for restitution.

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Meridian native Rodney Hood announces retirement from NBA

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3 hours ago

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November 22, 2024

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www.supertalk.fm – Caleb Salers – 2024-11-22 06:52:00

SUMMARY: Rodney Hood, a native of Meridian and a former NBA player, has announced his retirement after eight seasons in the league. Hood, a first-round pick by the Utah Jazz in 2014, played for several teams, including the Cleveland Cavaliers, where he reached the NBA Finals in 2018. His career was marred by injuries, including an Achilles tear that limited his performance. After a brief comeback attempt with the Memphis Hustle in the G League, Hood decided to retire. He now plans to coach and mentor young players, drawing on his experiences and challenges throughout his career.

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Mississippi recorded $21.5 million drop in Q3 gaming revenue

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3 hours ago

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November 22, 2024

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www.supertalk.fm – Caleb Salers – 2024-11-22 06:45:00

SUMMARY: Mississippi casinos experienced a revenue decline in the third quarter of 2024, contrasting with the overall growth of the U.S. gaming industry, which reported an 8.1% increase. Mississippi’s gaming revenue fell by 3.5% to $605.8 million, following a 2.3% decrease in the second quarter. This marks two consecutive quarters of downturns after a strong start to the year. Despite legal sports betting in the state, revenue could improve with the legalization of mobile sports betting, which was proposed but failed to pass this year. Lawmakers aim to revisit this issue in the 2025 session.

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Long Beach amends lease to begin process for developing casino

Published

13 hours ago

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November 21, 2024

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www.supertalk.fm – Hunter Dawkins – 2024-11-21 20:38:00

SUMMARY: During a Long Beach Board of Aldermen meeting, a unanimous decision was made to restate a lease agreement for a casino development in an area without casinos along the Mississippi Gulf Coast. This follows earlier lease negotiations with Long Beach Harbor Resorts for land where an old Kmart was located. Mayor George Bass noted amendments are needed before the final ratification at the next meeting, with plans for a 40-year lease allowing extensions. The city anticipates $500,000 in annual gaming revenue during the initial years. Construction must begin within three years, with gaming operations launched within five years.

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