May 25, 2023 @ 10:39 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed an enforcement action in the US District Court for the Central District of California against David Carmona, Juan Arellano Parra, Moses Valdez, David Brend, and Marco A. Ruiz Ochoa, who were all doing business as a company… Read More

May 25, 2023 @ 10:25 am By JD Alois  |  

On March 22, 2017, the Securities and Exchange Commission (SEC) shortened the settlement cycle for trades via broker-dealers from T +3 to T +2. This change meant that when you bought or sold shares, the trades would need to be settled in 2 days instead… Read More

May 24, 2023 @ 10:40 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final judgments against HempAmerica and promoter Eleazer Kauderer. According to the SEC, the US District Court for the Southern District of New York has entered a final judgment on default against HempAmerica. Without admitting or denying the… Read More

May 24, 2023 @ 5:41 pm By JD Alois  |  

Superfinanciera Colombia, the financial regulator in Colombia, is pursuing a consultation on Open Banking, according to a recent post. Open Banking, or Open Finance, is a concept for data management in the financial services sector – typically where the consumer controls and owns the data…. Read More

May 24, 2023 @ 3:45 pm By JD Alois  |  

OpenFin has raised $35 million in Series D funding during a difficult environment.  The company did not share the valuation of the funding round. OpenFin said the round was led by Bank of America, with “significant” participation from Pivot Investment Partners and ING Ventures. Additional… Read More

May 24, 2023 @ 11:47 am By JD Alois  |  

Binance is taking another PR blow as Reuters is reporting that the world’s largest crypto exchange has been commingling investor and company funds. According to the report that was derived from a former company insider, “billions of dollars” and commingling happened on a daily basis…. Read More

May 24, 2023 @ 11:34 am By JD Alois  |  

The University of Agder’s School of Business and Law Crowdfunding Research Centre has kicked off the European Crowdfunding Market Survey. The survey is being supported by the following entities: Bulgarian Fintech Association (Bulgaria) Bundesverband Crowdfunding eV (Germany) Czech and Slovak Crowdfunding Association (Czech Republic and… Read More

May 24, 2023 @ 11:22 am By JD Alois  |  

The European Commission has adopted a new “Retail Investment Package” that seeks to “empower retail investors.” The new policy is part of the European Union’s ongoing Capital Markets Union action plan. During the past few years, the Commission has been gathering and researching the proposals,… Read More

May 23, 2023 @ 4:07 pm By JD Alois  |  

Boxabl is preparing to raise capital, and it is taking a full-court press by raising money in a Reg A+ and Reg D offering as well as a pitch on FrontFundr in Canada. The Reg A+ will be listed on StartEngine, which displays over $1.25… Read More

May 23, 2023 @ 3:32 pm By JD Alois  |  

The International Organization of Securities Commission (IOSCO) has published a paper making policy recommendations on dealing with digital assets or crypto. The consultation incorporates 18 different recommendations that IOSCO states it will finalize during the last quarter of this year. IOSCO published a digital asset… Read More

May 23, 2023 @ 12:03 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled its first meeting of 2023 following the influx of new members announced earlier this month. The meeting, which is open to the public and will be live-streamed on the SEC… Read More

May 23, 2023 @ 11:41 am By JD Alois  |  

In a promotional push as banks and Fintechs rush to offer high-yield savings accounts, neobank M1 has announced an account that offers 5% interest for users that have an M1 Plus membership. If you do not have a membership account, holders may earn a mere… Read More

May 23, 2023 @ 11:29 am By JD Alois  |  

Trade credit provider Hokodo and Mangopay – a successful European payments platform, have announced a partnership that will see Hokodo’s solutions available to Mangopay B2B platforms. Hokodo offers digital trade credit and B2B Buy Now, Pay Later (BNPL) solutions for merchants to sell more by… Read More

May 23, 2023 @ 11:12 am By JD Alois  |  

Prometheum Ember Capital LLC, a subsidiary of Prometheum Inc., has received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a special-purpose broker-dealer for digital asset securities. Prometheum states that they are the first broker-dealer to receive this type of approval from FINRA…. Read More

May 23, 2023 @ 10:01 am By JD Alois  |  

Ballerine, described as a “first of its kind” open source risk decisioning Fintech, has raised $5 million in seed funding led by Team8, with participation from Y Combinator, Vera Equity, and investors from Brex, Trulioo, Venmo, Melio and Coinbase. Ballerine offers a platform that integrates… Read More

May 22, 2023 @ 5:08 pm By JD Alois  |  

Yves La Rose, Founder and CEO of EOS Network Foundation, wants to sue Block.One (B1). In an open letter addressing the EOS initial coin offering – which raised around $4 billion – La Rose expressed his frustration that Block One had used little of the… Read More

May 22, 2023 @ 4:07 pm By JD Alois  |  

Collateral UK, once a peer-to-peer lending platform that went into insolvency in 2018, has seen fraud convictions of its founders. According to the Financial Conduct Authority that filed the charges, Peter Currie was convicted of two counts of fraud and one of money laundering. His… Read More

May 22, 2023 @ 12:49 pm By JD Alois  |  

Crypto brokerage LondonLink has raised £510,500 on a securities offering on Seedrs. According to the offering page, 140 investors participated in the sale of convertible security that holds a 30% discount to a future priced funding round. LondonLink securities are offered under the Seedrs Nominee… Read More

May 22, 2023 @ 9:31 am By JD Alois  |  

BitMEX says it is ready to apply for a virtual asset service provider (VASP) license in Hong Kong. The license is available under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022. BitMEX which has endured several rocky years – most recently firing its… Read More

May 22, 2023 @ 9:12 am By JD Alois  |  

Dalmore Group, a broker-dealer that has emerged as a top provider of securities crowdfunding services, has become a leading platform enabling fractionalized assets. Fractionalization may be most frequently associated with broker platforms that allow investors to purchase a fraction of high-priced shares to make it… Read More