December 19, 2019 @ 7:34 pm By JD Alois  |  

The President of the North American Securities Administrators Association (NASAA), Christopher W. Gerold, has issued a statement regarding the Securities and Exchange Commission’s (SEC) proposal to modernize and improve the definition of an accredited investor. NASAA is the advocacy and lobbying group that represents state… Read More

December 19, 2019 @ 1:28 pm By JD Alois  |  

FINRA, the regulator for US broker-dealers, has slapped Robinhood – a Fintech trading platform, with a $1.25 million fine for violations pertaining to order routing. While long rmored inside the industry, Robinhood has been assesed the penalty due to “best execution violations.” Robinhood is a… Read More

December 19, 2019 @ 12:26 pm By JD Alois  |  

Günther Lindenlaub, COO of the Invesdor Group – a combination of Invesdor (Finland) and Finnest (Austria), has distributed a positive note about the forthcoming year. Lindenlaub states: “alternative financing in the area of ​​equity could also be a possible trend for 2020 for German companies… Read More

December 19, 2019 @ 11:44 am By JD Alois  |  

Stratis, an “enterprise blockchain platform,” has launched a security token offering platform for enterprises to issue digital securities.  The company reports that its platform has been constructed while in regular dialogue with clients that are engaging with the US Securities and Exchange Commission (SEC). Stratis… Read More

December 19, 2019 @ 11:06 am By JD Alois  |  

According to a notice published by the Europea Parliament, final European Union-wide rules have been agreed upon thus forwarding the goal of a true monetary union while promoting online capital formation. The European Parliament negotiating team has reached a deal with the European Council which… Read More

December 19, 2019 @ 8:43 am By JD Alois  |  

The French Autorité des Marché Financiers (AMF) has qualified its first “Visa” for an issuer seeking to promote and pursue and an initial coin offering (ICO). Updated rules regarding utility type tokens were recently approved under the Loi Pacte (Pacte Law) – an act of… Read More

December 19, 2019 @ 1:54 am By JD Alois  |  

WiseAlpha, an interesting Fintech that offers an online marketplace for corporate bonds, is looking to boost investor interest by offering a new “bond academy” to educate investors about the corporate bond market. WiseAlpha is regulated by the UK Financial Conduct Authority and has sought to… Read More

December 18, 2019 @ 10:45 pm By JD Alois  |  

Intercontinental Exchange, Inc. (NYSE:ICE) recently announced the first block trade of Bakkt Bitcoin (USD) Monthly Options (BTM) submitted to ICE Futures U.S. In a release, Trabue Bland, President of ICE Futures US, stated: “Based on our benchmark physically delivered bitcoin futures, these options contracts offer… Read More

December 18, 2019 @ 2:48 pm By JD Alois  |  

The Securities and Exchange Commission reports that it has settled charges against Blockchain of Things Inc. (BCOT) for conducting an unregistered initial coin offering (ICO). The order requires BCOT to cease and desist from committing or causing any violations of the registration provisions of the… Read More

December 18, 2019 @ 2:23 pm By JD Alois  |  

Today, the Securities and Exchange Commission (SEC) held a public meeting to discuss, and vote on, various rules impacting the securities markets. Included in the meeting was an update to the definition of an accredited investor. Currently, the definition is determined by a wealth metric…. Read More

December 18, 2019 @ 10:11 am By JD Alois  |  

We have all heard about Open Banking, a mandate to require proactive API access to financial services while migrating control of all data and access back to consumers, now we have a movement for “Open Finance.” According to the Financial Conduct Authority (FCA), Open Finance… Read More

December 18, 2019 @ 9:09 am By JD Alois  |  

Pagaya, an artificial intelligence (AI) powered investment manager, has closed on its 5th capital markets transaction this year for a $200 million asset-backed security. Pagaya reports that it now has $1.2 billion in assets under management (AUM) having risen a solid 300% this year. Pagaya’s… Read More

December 18, 2019 @ 8:43 am By JD Alois  |  

A new study produced by prominent UK investment crowdfunding platform Seedrs and London-based law firm Joelson indicates the investors are more inclined to support female-founded startups that issue securities on crowdfunding platforms. The report states that 100% of female-founded businesses and 90% of male and… Read More

December 17, 2019 @ 10:07 pm By JD Alois  |  

Tomorrow (December 18, 2019), in a public meeting by the Securities and Exchange Commission (SEC), the Commissioners will review the definition of an accredited investor. In a revised agenda, the public meeting outlined the specific topics to be addressed by the Commission, with the definition… Read More

December 17, 2019 @ 9:56 pm By JD Alois  |  

As non-bank payments firms rapidly emerge, China has instituted rules for these services to make payments to the state. The measures were revealed on December 6, 2019 and come into effect on January 6, 2020. As part of the process the People’s Bank of China… Read More

December 17, 2019 @ 5:21 pm By JD Alois  |  

As the end of the year closes, Crowdfund Insider receives a good number of comments on past events as well as future expectations. Earlier this week, CI received a comment from Charles Lu, CEO of Findora, a confidential network protocol for financial services like online… Read More

December 17, 2019 @ 11:23 am By JD Alois  |  

Roofstock, an online marketplace where you can invest in single-family rental homes, has topped $2 billion in transactions. The three-year-old platform topped $1 billion in January 2018. In July, Roofstock said it had surpassed $1.6 billion thus investing velocity is increasing. In a release, Roofstock… Read More

December 17, 2019 @ 10:44 am By JD Alois  |  

TokenSoft, a digital asset issuance and management platform, has made a significant hire in the appointment of Alex C. Levine as its new Chief Legal Officer. Levine previously worked at both the Securities and Exchange Commission and Commodity Futures Trading Commission thus bringing unique regulatory… Read More

December 17, 2019 @ 10:27 am By JD Alois  |  

OurCrowd, the largest investment crowdfunding platform in the world, has published a release indicating it expects over 20,000 registrations for its forthcoming global summit taking place in Israel in early 2020. In years past, the OurCrowd Global Summit has emerged as the biggest event of… Read More

December 16, 2019 @ 7:42 pm By JD Alois  |  

The Federal Deposit Insurance Corporation (FDIC) has issued a “notice of proposed rulemaking” (NPR) to “modernize its brokered deposit regulations.” According to the FDIC, the proposal would modernize a regulatory framework built for a different era to remove regulatory disincentives to offering deposit accounts to… Read More