Michael McMillan, CFA, is director of ethics education at CFA Institute, where he is responsible for creating, sourcing, and developing educational content for CFA Institute members and investment professionals in the area of ethics and professional standards. Previously, he was a professor of accounting and finance at Johns Hopkins University’s Carey School of Business and George Washington University’s School of Business. Prior to his career in academia, McMillan was a securities analyst and portfolio manager at Bailard, Biehl, and Kaiser and at Merus Capital Management. He is a certified public accountant (CPA) and a chartered investment counselor (CIC). McMillan holds a BA from the University of Pennsylvania, an MBA from Stanford University, and a PhD in accounting and finance from George Washington University. Topical Expertise:Financial Statement Analysis · Standards, Ethics, and Regulations (SER)
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Exchange Traded Concepts has brought to NYSE Arca an exchange-traded fund that buys shares of real estate investment trusts that specialize in net lease properties. The NETLease Corporate Real Estate ETF tracks the Fundamental Income Net Lease Real Estate Index. ETF Trends (21 Mar.)
The possibility of Brexit without a transition agreement poses the greatest near-term risk to the eurozone economy, European Central Bank Governing Council member Olli Rehn says. "Financial markets seem to be too relaxed and appear to underestimate the risk," he says. Reuters (24 Mar.)
US brokers are urging the Securities and Exchange Commission to let them charge separately for research and trading, similar to transparency rules under Europe's revised Markets in Financial Instruments Directive. BloombergQuint (India) (tiered subscription model) (24 Mar.)
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