tyb
> Redstone Arsenal,
Morningstar Exec Chair sold $2.43m in shares-June 17-18
Yet another in the ongoing sales from this one, s smaller lot size this time, the rest have been much larger.
Morningstar, Inc. is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals.
It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors. It provides data and research insights on a range of investment offerings,
including managed investment products, listed companies, capital markets, and real-time global market data. It conducts its business operations outside of the United States through subsidiaries in countries, including Australia, Brazil, Canada,
Chile, Denmark, France, Germany, India, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, People's Republic of China (both Hong Kong and the mainland), Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan,
Thailand, the United Arab Emirates, and the United Kingdom.
Number of employees : 4 920 people.
https://www.marketscreener.com/MORNINGSTAR-INC-10068/company/
https://www.secform4.com/insider-trading/1289419.htm
link for this seller
https://www.secform4.com/insider-trading/1324069.htm
this is the type of data they provide
Morningstar : Reports U.S. Mutual Fund and ETF Fund Flows for May 2019
Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) fund flows for May 2019. Overall, passive U.S. equity funds saw $2.7 billion in outflows while active U.S. equity funds lost $12.9 billion to outflows. With additional funds reporting assets after the April fund flows report published, Morningstar data shows about $89.0 billion between active and passive U.S. equity funds reaching parity.
Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund, and net flow for U.S. ETFs shares outstanding and reported net assets.
Morningstar's report about U.S. fund flows for May is available here. Highlights from the report include:
Fund flows were weak across the board in May, with long-term funds losing nearly $2.0 billion to outflows, the worst month year-to-date as investors cut risk. Money-market funds saw inflows of $82.0 billion, the group's second-best month in 10 years.
Among category groups, taxable-bond inflows fell from $42.6 billion in April to $15.4 billion in May, the group's worst showing year-to-date. Overall, credit-oriented high-yield bond and bank loan funds fared worst, losing $5.8 billion and $3.1 billion to outflows, respectively.
Among all U.S. fund families, Vanguard led with $16.7 billion in inflows, followed by $5.1 billion from Fidelity; iShares' flows were flat. At the other end of the spectrum, State Street Global Advisors saw $22.6 billion in outflows, followed by Invesco's $5.8 billion in outflows.
Invesco QQQ Trust, which holds a Morningstar Analyst Rating™ of Neutral, saw outflows of $3.3 billion in May. Conversely, active-oriented American Funds had $2.7 billion in inflows, with much of that demand coming through its target-date lineup.
https://www.marketscreener.com/MORNINGSTAR-INC-10068/news/Morningstar-Reports-U-S-Mutual-Fund-and-ETF-Fund-Flows-for-May-2019-28774397/
Fintech CEO claims Facebook ‘ripped off’ his bank start-up’s logo for cryptocurrency project
Facebook used the same San Francisco-based design firm for its crypto project unveiled this week as online bank Current, according to CEO Stuart Sopp.
The results are two extremely similar logos for the two brands.
“This is a funny way to try and create trust in a new global financial system – by ripping off another fintech firm,” Sopp told CNBC.
The founder of online bank Current claims Facebook copied his company’s logo for the social network’s bid to reinvent the global financial system.
Stuart Sopp, a Wall Street trader turned start-up CEO, told CNBC that he used a San Francisco-based design firm named Character to create his start-up’s logo in 2016. That firm also worked on the secretive crypto project that Facebook unveiled this week, according to a LinkedIn post from Ben Pham, creative director for Character.
Anthony Harrison, a spokesman for Facebook, declined to comment for this article. Character did not return calls and messages for comment.
“This is a funny way to try and create trust in a new global financial system – by ripping off another fintech firm,” Sopp said in a phone interview. “Facebook has all the money and resources in the world. If they truly wanted to make banking more inclusive and fair, they should’ve come up with their own ideas and branding, like we have.”
Current, with 45 employees and 350,000 accounts, is tiny compared to the grand vision Facebook promoted in interviews this week. But Sopp said that Current was launched with a similar belief: The existing financial system isn’t serving large swaths of people. The start-up first targeted teens with a banking product and this year widened its appeal by offered no-fee checking accounts geared towards gig economy workers.
Sopp spent months working with Character to come up with his firm’s logo, he said. It’s meant to capture the importance of movement – of both money and people – by representing a wave. Current applied for trademarks in 2016, which are pending, Sopp said.
“We put six months of hard work into this with that design firm, which they basically reused for Facebook without changing much,” Sopp said. “Facebook is a big company that should have done their due diligence on this.”
Current engaged a law firm, Goodwin Procter, to determine if they had a trademark or patent infringement case, Sopp said. The firm did not return a call for comment.
He was attending a fintech conference in New York yesterday when Sopp got screenshots of the logo for Calibra, the subsidiary Facebook created to house its financial efforts. He was shocked at the similarities and initially thought he was being pranked, Sopp said.
Calibra will offer a digital wallet to store and spend Libra, the new cryptocurrency Facebook hopes will someday be the coin of an alternate financial system. If it takes off after its introduction next year, Calibra could offer other financial services to users, like loans or investments.
To succeed, Facebook has to convince regulators and elected officials around the world that the benefits of allowing the rise of a new global financial system powered by cryptocurrency outweigh the risks.
But if Facebook cut corners on something as basic as the branding of its nascent efforts, this dispute could give ammunition to critics who warn that the social media giant can’t be trusted with more of the public’s data. Politicians and central bankers in the U.S. and Europe have already vowed to investigate the company’s plans.
https://www.cnbc.com/2019/06/20/fintech-ceo-claims-facebook-ripped-off-his-start-ups-logo.html
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