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Mississippi clients to receive up to $659K from settlement with GSI Exchange

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www.supertalk.fm – Caleb Salers – 2023-10-04 10:00:51

SUMMARY: The Mississippi Secretary of State’s Office has reached a settlement with precious metals dealer GSI Exchange. The settlement allows 11 Mississippi clients to receive a refund of up to $659,000 in principal previously paid to the company. However, these clients must return the precious metals they purchased. The settlement was the result of collaborative efforts between state securities regulators from Alabama, Arkansas, and Texas. The regulators alleged that GSI Exchange was acting as an unregistered investment adviser and not disclosing important information to clients. The settlement aims to benefit investors across the 44 states where GSI Exchange sold precious metals.

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Longtime Southern Miss women’s basketball coach Joye Lee-McNelis announces retirement

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www.supertalk.fm – Ben Milam – 2025-02-25 13:05:00

SUMMARY: Southern Miss women’s basketball coach Joye Lee-McNelis announced that the 2024-25 season will mark the end of her 34-year coaching career. After 21 years with the Lady Eagles, she became a prominent figure in the program and holds over 300 wins as head coach. A former standout player, McNelis led Southern Miss to its first postseason in 1981 and began her coaching career at Texas State. She faced health challenges, battling lung cancer since 2017, which inspired the “McNelis Strong” movement. The university will honor her contributions during a men’s basketball game on February 28. A search for her successor is underway.

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Clarksdale drops lawsuit over newspaper editorial that judge ordered removed

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www.supertalk.fm – Andrew Demillo – 2025-02-25 10:11:00

SUMMARY: The city of Clarksdale, Mississippi, dropped its libel lawsuit against The Clarksdale Press Register on Monday, following controversy over a judge’s order to remove a critical editorial. The piece, which addressed the city’s lack of notification regarding a meeting on a proposed tax, ignited backlash from First Amendment advocates. Clarksdale Mayor Chuck Espy attributed the decision to an offer from the newspaper’s owner to issue a clarification. However, the owner stated this offer was made prior to the lawsuit and was no longer valid. The case drew national attention and support for press rights from various media organizations.

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Mississippi Senate advances tax reform bill, setting up future negotiations with House

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www.supertalk.fm – Caleb Salers – 2025-02-24 20:03:00

SUMMARY: The Mississippi Senate has advanced legislation to reduce the state’s income tax to 2.99% by 2030 and lower the grocery tax from 7% to 5% by July 2025, aiming to provide financial relief amid bipartisan support. However, the plan includes a gas tax increase of 9 cents, funding infrastructure projects. While the Senate’s bill reduces taxes, concerns were raised about its impact on the state’s retirement system, which is only 56% funded. Opponents argued it could create future financial problems. Both the Senate and House have proposed tax reforms, which will be reconciled in conference committees.

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