April 2, 2024 @ 8:50 am By JD Alois  |  

Boxabl will be returning to the crowdfunding market to raise more money. The company has pursued multiple online funding rounds as it seeks to execute its mission of mass-producing affordable prefab housing. According to a recent Form 1-A filed with the Securities and Exchange Commission,… Read More

April 2, 2024 @ 8:20 am By JD Alois  |  

After a series of increases in the past few months, Apple Savings (NASDAQ:AAPL) will lower the interest rate paid to account users. The news was first revealed by MacRumors and a reader who tipped off the publication. Reportedly, Apple will be dropping is APY from… Read More

April 2, 2024 @ 7:49 am By JD Alois  |  

iCapital has acquired the investment data firm Mirador. iCapital is an alternative investment marketplace offering a complete suite of tools, reporting more than $180 billion in global platform assets. Mirador services include advisors serving high-net-worth investors, family offices, endowments, and foundations. The company also provides… Read More

April 2, 2024 @ 7:35 am By JD Alois  |  

Three big banks – Lloyds Banking Group, Nationwide, and Natwest, along with Rightmove, have invested in the Proptech firm Coadjute. Lloyds Banking Group led the funding round, investing £3 million of the £10 million total raise. This round brings the company’s total raised to £23… Read More

April 2, 2024 @ 7:21 am By JD Alois  |  

CapitalRise, an online investment platform for prime real estate, has added to its lending and origination teams with the addition of Business Development Director Imogen Willams and the promotion of Ed Groves to Associate. CapitalRise, which recently benefited from institutional funding commitments, said the new hire… Read More

April 1, 2024 @ 7:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted that it has obtained a final judgment against defendants Ryan Felton, FLiK, and CoinSpark. The SEC had previously charged the defendants in 2020 for two initial coin offerings (ICOs) that were deemed to be fraudulent. Felton, FLiK,… Read More

April 1, 2024 @ 7:06 pm By JD Alois  |  

Tether, the largest issuer of stablecoins, has posted on its blog that it has passed a SOC 2 Type 1 audit. Tether CEO Paolo Ardoino said the compliance measure “assures our customers that their assets and data are managed in an environment meeting the highest… Read More

April 1, 2024 @ 6:45 pm By JD Alois  |  

  Arrived, an online investment platform enabling access to rental and vacation homes, is raising money on Wefunder. According to the offering page, Arrived raised over $37 million in a side-by-side offering. Smaller investors may participate in a Reg CF offering, and Accredited Investors may… Read More

March 29, 2024 @ 3:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is looking for new members to add to its Investor Advisory Committee (IAC). Currently, they have five openinings on the Committee that aims to provide guidance to the Commission on items that impact individual investors. The Dodd-Frank Wall Street… Read More

March 29, 2024 @ 8:09 am By JD Alois  |  

Monzo, a UK-based digital bank, says it now can accept accounts from Limited Companies owned by other firms. These firms may now apply for a business account. In a blog post, Monzo explains that many Limited Companies are owned by individuals, but as the company… Read More

March 28, 2024 @ 3:01 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has amended existing rules to require internet investment advisers to register with the Commission. According to the SEC’s Fact Sheet, the amendments will: Require an adviser that relies upon the internet adviser exemption to provide investment advice to all… Read More

March 28, 2024 @ 12:00 pm By JD Alois  |  

Sam Bankman-Fried, the founder and former CEO of FTX, once a top crypto exchange, has been sentenced to 25 years in prison. The maximum sentence was 110 years. Bankman-Fried was found guilty of seven counts of fraud and conspiracy in a criminal lawsuit that rocked… Read More

March 28, 2024 @ 11:08 am By JD Alois  |  

Yesterday, CI reported on a new circular issued by the US Consumer Financial Protection Bureau (CFPB) warning international transfer firms to stop adding “junk fees” to the transfers and demanding greater transparency in the process. Misinformation in the industry is frequent, and some providers abuse… Read More

March 28, 2024 @ 10:32 am By JD Alois  |  

OpenYield Trading LLC is now enabling retail investors to trade bonds just like stocks. OpenYield is a FINRA-registered broker-dealer and SEC-registered alternative trading system (ATS). According to a statement issued by the company, market makers Flow Traders and TD Securities Automated Trading are servicing the platform…. Read More

March 28, 2024 @ 10:02 am By JD Alois  |  

Australian Payments Plus (AP+) has issued a statement on the passage of the Digital ID Bill in the Senate. The bill passed the Senate without debate. The legislation aims to establish an accreditation path for entities providing digital ID services while expanding the Australian Government… Read More

March 27, 2024 @ 5:09 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is now targeting international money transfers and “junk fees” that may be saddled upon users. The CFPB issued a warning to firms that provide these services regarding allegations of false claims and misinformation about the cost of transfers and… Read More

March 27, 2024 @ 4:08 pm By JD Alois  |  

At the beginning of 2022, only 11% of all Euro credit transfers in the EU were instant, and the European Commission wants to fix this and make them all instant.  The Single Euro Payments Regulation (SEPA) aims to enable both institutions and consumers to benefit… Read More

March 27, 2024 @ 11:56 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a warning to “Finfluencers” individuals who use social media to promote financial services. While influencers may be a popular source of information, few of these individuals actually have any notable experience within the financial services industry. Yet… Read More

March 27, 2024 @ 11:36 am By JD Alois  |  

Currencycloud says it has signed a global expansion deal with transfer Fintech Paysend. The agreement is said to enable Currencycloud to expand its reach in providing its services. Currencycloud will also be supporting Paysend on the launch of new consumer-facing products during 2024. Paysend is… Read More

March 27, 2024 @ 11:20 am By JD Alois  |  

Artscapy, an art investment platform that reports £150 million in managed art, is nearing its initial funding target on Seedrs. According to the offering page, Artscapy has a funding target of £650,009 at a pre-money valuation of £12.9 million. The company is offering a 4.78%… Read More