An advisor on Trump’s bold new media venture bills itself as being a “premier financial services company.” But it’s adopted the name of a once legendary Wall Street firm that essentially collapsed and was bought out after a series of financial scandals in the late ‘80s. 🤔
The new guys at EF Hutton bill themselves as a “rapidly growing company” and they specialize in SPACs. efhuttongroup.com
From their press release: “The EF Hutton brand was built on integrity and respect and is known for its decades of experience as a U.S. financial services institution,” said Joseph T. Rallo, Chief Executive Officer of EF Hutton. efhuttongroup.com/ef-hutton-is-b…
From reality:
“The Slow Death of EF Hutton” — “Mismanagement, selfishness, and greed killed the old-line brokerage. ‘We made every mistake in the book,'' says a former executive, ‘and no one was ever punished.’” money.cnn.com/magazines/fort…
“The Slow Death of EF Hutton” — “Mismanagement, selfishness, and greed killed the old-line brokerage. ‘We made every mistake in the book,'' says a former executive, ‘and no one was ever punished.’” money.cnn.com/magazines/fort…
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