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SEC’s $79 Million Crackdown: 10 Firms Hit with Recordkeeping Failures

The Securities and Exchange Commission (SEC) has imposed penalties totaling $79 million on ten firms for alleged inadequate recordkeeping. The regulator said the crackdown had exposed a trend of inadequate electronic communication maintained across the broker-dealers and investment advisers.The SEC took action against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated…

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SEC’s $79 Million Crackdown: 10 Firms Hit with Recordkeeping Failures

The Securities and Exchange Commission (SEC) has imposed penalties totaling $79 million on ten firms for alleged inadequate recordkeeping. The regulator said the crackdown had exposed a trend of inadequate electronic communication maintained across the broker-dealers and investment advisers.The SEC took action against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated…

Continue Reading SEC’s $79 Million Crackdown: 10 Firms Hit with Recordkeeping Failures

Solana (SOL) breaks above key level but can bulls take advantage?

Solana (SOL) price traded to above $20.00, hitting $20.50 after bouncing off $18.40 earlier this month. Can bulls take advantage of positive sentiment for Solana to break higher? Solana price has reached a key technical level, with the 24-hour upside to $20.50 retesting a 10-day high that’s an area of a previous support and resistance.…

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Singapore Authorities Arrest Co-founder of 3AC in Bankruptcy Case

Su Zhu, the Co-founder of Three Arrows Capital (3AC), has been arrested in Singapore. His arrest is linked to his alleged failure to cooperate during the bankruptcy proceedings of 3AC, the now-bankrupt crypto lending company. Today (Friday) afternoon at Changi Airport in Singapore, Zhu was arrested. His attempt to leave the country led to his…

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The Fed Likely to Hold Rates Steady as August PCE Shows Inflation Cooling

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The Fed’s decision to maintain the interest rate within the 5.25 – 5.50% range at the last FOMC meeting appears to have been justified. Friday’s Bureau of Economic Analysis report shows that the Personal…

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Compound (COMP) Witnesses a Stellar 20% Price Uptick Over the Past Week

The cryptocurrency market surged higher on Thursday, with the price of Bitcoin (BTC) breaking above the $27,000 level alongside easing macro pressures. BTC earlier rose to just shy of $27,300 and, at press time, has been trading at $26,942. The total crypto market cap also jumped to $1.12 trillion. With this, the crypto fear and…

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Finastra Looking to Expand Market Footprint with New Partnerships

Strategic alliances can be important in unlocking new business prospects and boosting market presence. Finastra, a global leader in financial software and solutions, is creating waves with new initiatives targeted at forging industry-wide impactful relationships. Finastra is prepared to alter the financial technology environment with a focus on innovation, cooperation, and customer-centric solutions. Finastra is…

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Gemini to Cease Operations in Netherlands: Regulatory Hurdles Force Move

The New York-based cryptocurrency exchange Gemini has announced its decision to suspend services to Dutch customers starting from November 17. This move results from regulatory pressures imposed by the De Nederlandsche Bank (DNB).However, Gemini is not exiting the Dutch market for good; the exchange aims to re-enter the country once it achieves full compliance with…

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Palantir Extends Gains on Back of US Army Deal, Up 15% this Week

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Data analytics and enterprise software provider Palantir won a $250 million deal with the US Defense Department (DoD) this week to research and develop artificial intelligence (AI) and machine learning (ML) technologies. The company’s…

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Memeinator Announced: Taking on the Meme Coin Market With a $1 Billion Vision

London, United Kingdom, September 29th, 2023, Chainwire Having already raised $500K in less than 48 hours, Memeinator has already stormed through to stage 3 of its presale, on its relentless mission to redefine the meme coin sector. The project’s grand vision was born from the frustration of seeing relentless false promises and overhyped coins, that…

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Flare Blockchain integrates with Arkham’s Intelligence Platform

Flare blockchain, often known as the blockchain for data, has forged a partnership with Arkham, a leading provider of blockchain analytics and intelligence solutions. This collaboration, effective as of September 29th, brings Flare’s robust network data analysis capabilities into the fold of Arkham’s Intelligence Platform, offering a powerful suite of tools for Flare users. Flare…

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MakerDAO Weathered Volatility With US Bonds, Plans to Buy $6B More

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. MakerDAO, a decentralized crypto lending protocol, plans to double its investments in short-term US Treasuries up to $6 billion. The move comes after the organization picked T-bonds as one of the assets backing its…

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AvaTrade and UAE PL: A Fusion of Football and Trading Worlds

The UAE Pro League (PL) and AvaTrade have announced a sponsorship agreement. This announcement marks AvaTrade’s entry as the latest sponsor to join the esteemed list of leading partners of the UAE PL.Ambitious Goals: Elevating the Professional League’s StatureThe sponsorship agreement reflects the diligent efforts of the UAE PL in its pursuit of strategic partners…

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Ripple Abandons Fortress Trust Acquisition, Chooses to Retain Investment Stake

Ripple has decided to reverse its planned acquisition of Fortress Trust, a subsidiary of Fortress Blockchain Technologies that offers wallet and payment services. Less than a month after announcing its intention to acquire the firm, Ripple has chosen to back out of the deal.Brad Garlinghouse, the CEO of Ripple, said on X (formerly Twitter): “A…

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My Forex Funds Era: “Simulated” and “Virtual” Are The New Safe Words for Prop Trading

The prop trading industry has become very cautious after My Forex Funds was slapped with fraud charges in the United States. Behind the scenes, these prop trading companies are taking many steps to bolster their compliance. However, one of the visible ones is the sudden language change on their websites.Prop Trading Platforms Choose Safe WordsSeveral…

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Gemini to halt services in the Netherlands due to regulatory challenges

Regulatory compliance issues have forced Gemini to suspend Dutch operations. Gemini is a New York-based cryptocurrency exchange. Gemini’s decision follows a similar move by Binance, which also ceased its activities in the Netherlands. Gemini, one of the leading cryptocurrency exchanges based in New York, has revealed plans to temporarily suspend its cryptocurrency services in the…

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Is a Grayscale Spot Bitcoin ETF Likely to Happen?

The financial industry has been buzzing over the prospect of a Grayscale Bitcoin Exchange-Traded Fund (ETF). Grayscale Investments is well-known for its Grayscale Bitcoin Trust (GBTC), which allows investors to obtain exposure to Bitcoin through standard brokerage accounts. However, there has been an increase in demand for a Grayscale Spot Bitcoin ETF, which would track…

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Is a meme rally coming? Whales SHIB buying as Shiba Memu presale crosses $3.4m

Shiba Memu brings AI to the meme sector, giving it the potential to become sustainable. Investors have bought over $3.4 million of Shiba Memu as investor interest returns on Shiba Inu. Shiba Memu could benefit from AI and meme mania to follow the price trends of her peers. Meme cryptocurrencies are an exciting asset class.…

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Nike Up 9% Premarket as Earnings Report Sparks Confidence

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Nike reported fiscal Q1 2024 earnings and gross margins that beat Wall Street estimates, sending the shares up over 9% in the Friday premarket. The company’s revenue missed analysts’ expectations, but a broadly positive…

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AI Breakthroughs: From ChatGPT to Meta’s Smart Glasses

In the fast-paced realm of artificial intelligence (AI), the past week has witnessed a crescendo of innovation that’s set to redefine the AI landscape. From OpenAI’s game-changing overhaul of ChatGPT to Meta’s bold foray into AI-powered smart glasses, the boundaries of what AI can achieve have been pushed to the limits, marking an exhilarating chapter…

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French Regulator Updates FX Blacklist, Adds 22 Websites

The Financial Markets Authority (AMF) and the Prudential Control and Resolution Authority (ACPR) in France are taking proactive steps to protect investors. The French regulator remains vigilant, adding 22 fraudulent websites to blacklist in Q3. They are periodically updating lists of unauthorized websites that offer Forex investments and crypto-linked derivative products without proper authorization. This…

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Memeinator Announced: Taking on the Meme Coin Market With a $1 Billion Vision

London, United Kingdom, September 29th, 2023, Chainwire Having already raised $500K in less than 48 hours, Memeinator has already stormed through to stage 3 of its presale, on its relentless mission to redefine the meme coin sector.  The project’s grand vision was born from the frustration of seeing relentless false promises and overhyped coins, that…

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Chancer presale keeps momentum, but how attractive is the P2P betting platform token?

Chancer nears presale sellout in stage 3 as amounts raised surpass $2.39 million. Investors are attracted to Chancer’s decentralised betting feature Chancer could rise by up to 10x in the future as P2P betting grows Betting has, for a long time, been centralised. Bookmakers control the platforms and decide betting rules and odds. However, this…

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My Forex Funds and Deel Scandal as a Game-Changing Market Trend: Compliance First

Many prophecies have predicted the outcry of My Forex Funds, but not a single one viewed the response of Deel. Occasionally comes a scandal that not only sets the regulatory scene ablaze but also the market scene as a whole.Evolution of ComplianceSince the Estonian crypto scandal in August 2020 and the Celsius scam, the fintech…

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