April 21, 2023 @ 9:10 am By JD Alois  |  

Connecticut Green Bank has listed its 6th offering for Green Liberty Notes sold under the Reg CF exemption. Bank subsidiary CGB Green Liberty Notes LLC offers the securities to support small business energy efficiency upgrades. The Green Liberty Notes may be purchased online with a… Read More

April 20, 2023 @ 10:49 pm By JD Alois  |  

The House Subcommittee on Digital Assets, Financial Technology (Fintech), and Inclusion has scheduled a hearing on digital assets and the regulatory shortcomings that pepper the market today. Entitled, The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure, the hearing will… Read More

April 20, 2023 @ 7:02 pm By JD Alois  |  

Pagaya (NASDAQ: PGY) has received $75 million from Oak HC/FT in the form of a convertible perpetual preferred security. According to a corporate statement, the additional capital will be used to pursue strategic investments, including acquisitions. Oak HC/FT is a long-time investor in Pagaya. Pagaya… Read More

April 20, 2023 @ 3:57 pm By JD Alois  |  

A former Consumer Financial Protection Bureau (CFPB) employee has stolen information from around 256,000 individuals, according to multiple reports. WSJ.com states that the information included “confidential supervisory” data from 45 different institutions. Most of the information was said to be from a single unnamed institution…. Read More

April 20, 2023 @ 11:26 am By JD Alois  |  

The European Parliament has adopted MiCA or Markets in Crypto-Assets regulation. This legislative development means the European digital asset (crypto-asset) will now have a bespoke regulatory framework, allowing all EU member states to provide services under a harmonized environment. After several delays, MiCA was approved… Read More

April 20, 2023 @ 10:48 am By JD Alois  |  

In recent days, Apple (NASDAQ:AAPL) announced its anticipated savings account in partnership with Goldman Sachs (NYSE:GS). Like all things Apple the process of creating a savings account is streamlined and seamless – taking less than one minute.  The savings account has launched with a solid… Read More

April 19, 2023 @ 4:59 pm By JD Alois  |  

More Millennial investors are participating in private equity markets, according to a report, as younger and risk-tolerant investors are seeking to maximize long-term wealth by allocating to higher-returning but higher-risk assets. This makes a lot of sense as public markets have declined, and private firms… Read More

April 19, 2023 @ 11:47 am By JD Alois  |  

Januar ApS is reporting that it has received its full Payment Institution license from the Danish Financial Supervisory Authority (DFSA). Januar says that the license will enable it to serve clients across the European Economic Area (EEA). The company shares that it has received “significant interest:… Read More

April 19, 2023 @ 11:27 am By JD Alois  |  

Montonio and Episode Six have announced a new partnership to “bolster its open banking offering” in the Nordic region. Montonio is an e-commerce enabler providing payment links, card payments, automatic shipping label printing, and installment solutions. By incorporating Episode Six’s service, Montonio expects to reduce… Read More

April 19, 2023 @ 10:18 am By JD Alois  |  

US tech startup funding sank during Q1 2023 in contrast to the first quarter of 2022. According to a report, tech startup funding delivered the lowest amount of money in the past three years in Q4 2022. According to the report by Tracxn, Q4 2021… Read More

April 19, 2023 @ 9:55 am By JD Alois  |  

While the Securities and Exchange Commission (SEC) has aggressively pursued enforcement actions against digital asset platforms and issuers, the industry has complained the rules are unclear, making compliance a challenge. At the same time, the SEC has asked crypto trading platforms to come in and… Read More

April 18, 2023 @ 11:15 pm By JD Alois  |  

Tomorrow (April 19, 2023), the Subcommittee on Capital Markets will hold a hearing entitled A Roadmap for Growth: Reforms to Encourage Capital Formation and Investment Opportunities for All Americans. The hearing memo notes that there are two ways to access capital – a public offering… Read More

April 18, 2023 @ 10:33 pm By JD Alois  |  

Paxful CEO Ray Youssef has resigned, Tweeting that “the full story shall soon be revealed.” Paxful is a Bitcoin-focused global peer-to-peer platform that aims to change the way money moves, allowing transfers to anyone anywhere.   I resign as @paxful CEO with: ☑️ the wallet… Read More

April 18, 2023 @ 4:37 pm By JD Alois  |  

Robo-advisor Betterment has been hit by charges from the Securities and Exchange Commission regarding material misstatements and omissions pertaining to a tax loss harvesting service (TLH). Betterment has settled the charges with the SEC without admitting or denying the claims, paying a $9 million penalty…. Read More

April 18, 2023 @ 4:29 pm By JD Alois  |  

SEC Chair Gary Gensler spent most of the day on Capitol Hill testifying in front of the House Financial Services Committee. As the Committee is currently controlled by the Republicans – which tend to be more innovation-friendly and more supportive of small businesses, some of… Read More

April 18, 2023 @ 11:28 am By JD Alois  |  

Seedrs, part of Republic, has commented on its performance in the impact investing sector. In a Tweet, Seedrs noted that, to date, the online investment platform has enabled the following: £330 million in funding for sustainability-focused startups Sustainability securities offerings listed on the platform hold… Read More

April 18, 2023 @ 10:57 am By JD Alois  |  

Following the release of Goldman Sachs‘s (NYSE:GS) quarterly earnings, which fell short of analyst expectations, Goldman revealed its intent to pull back from its consumer operations and focus its efforts on its Platform Solutions. At the same time, Goldman announced that it would sell GreenSky,… Read More

April 18, 2023 @ 10:21 am By JD Alois  |  

CrowdStreet Advisors has announced the launch of CrowdStreet REIT I  (or C-REIT) with iCapital. This represents an expansion of access for the fund, which has been available on CrowdStreet and now may be accessed via iCapital channels. CrowdStreet Advisors is a wholly-owned subsidiary of CrowdStreet and… Read More

April 18, 2023 @ 9:37 am By JD Alois  |  

The Joint Regulatory Oversight Committee (JROC) has posted the recommendations for the next stage of Open Banking in the United Kingdom. JROC is made up of HM Treasury, the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR)…. Read More

April 18, 2023 @ 9:32 am By JD Alois  |  

Later today, the House Financial Services Committee will hold an oversight hearing regarding the Securities and Exchange Commission with Chair Gary Gensler testifying on his leadership of the Commission. In the hours before the scheduled start of the hearing, Committee Republicans have posted a letter… Read More