The brokerage said it does not know whether the regulator will modify the proposed caps or what mitigation strategy PB Fintech will eventually implement. For now, Bernstein has assumed "max pain", with no regulatory rollback and no upside from potential mitigation strategies.
The brokerage said it does not know whether the regulator will modify the proposed caps or what mitigation strategy PB Fintech will eventually implement. For now, Bernstein has assumed "max pain", with no regulatory rollback and no upside from potential mitigation strategies.
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