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FINRA Action: Interactive Brokers hit with $3.5M fine for price violations
29.12.2023
FINRA, an acronym for Financial Industry Regulatory Authority, works for investors and firms, enabling them to participate in trading practices safely. In order to regulate member brokerage firms and exchange markets, FINRA has the support of technology and expertise. Interactive Brokers is...
Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum
17.8.2023
U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing...
US lawmakers press SEC and FINRA on Prometheum's broker-dealer approval
15.8.2023
Members of the House Financial Services Committee questioned the “timing and circumstances” of FINRA approving Prometheum’s special purpose broker-dealer license in May
Blockchain Assoc. requests info on Prometheum over ‘suspicious’ approval
16.6.2023
A FOIA request with the SEC regarding Prometheum has been filed, while others found former FINRA and SEC staffers among the firm's ranks
Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing
15.6.2023
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure cryptocurrency broker named Prometheum expressed support...
‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?
15.6.2023
A testimony given at a U.S. House hearing by the blockchain firm’s co-founder Aaron Kaplan has drawn the attention of those in the crypto space
Prometheum subsidiary receives FINRA approval for digital asset qualified custody
23.5.2023
The approval marks the first time a digital asset custody provider has come under federal regulation as the SEC tightens custody rules
News Summary: FINRA Launches Crypto Comms Probe, Genesis Block Stops OTC Trading, Thodex Founder to Be Extradited to Turkey
18.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: News Summary: FINRA Launches Crypto Comms Probe, Genesis Block Stops OTC Trading, Thodex Founder to Be Extradited to Turkey
FINRA Targets Crypto Communications After FTX Collapse
18.11.2022
The U.S. self-regulatory body is gathering information on crypto marketing between July and September this year to potentially inform a regulatory response
FTX meltdown triggers FINRA into probing crypto comms
18.11.2022
The examination comes in the wake of the FTX debacle, a crypto exchange found to be mismanaging customers’ funds by simply lying about their operations
FINRA may hire employees terminated from crypto firms: Report
15.6.2022
“Anybody who is getting laid off from a crypto platform and wants to work for FINRA, give me a call," said president and CEO Robert Cook
Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation
29.7.2021
Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the company an expected valuation of $35 billion....
Facing $70M in fines from regulators, Robinhood files for IPO
1.7.2021
The U.S. Financial Industry Regulatory Authority delivered its biggest financial penalty against the trading app on Wednesday, and Robinhood still reportedly faces scrutiny from the SEC regarding its business practices
FINRA orders Robinhood to pay $70M due in part to 'significant harm' platform caused users
30.6.2021
Regulators said the trading app should pay restitution to users like the 20-year-old who committed suicide after an erroneous negative balance appeared in his account
SEC Chair Gensler Says Cryptocurrency Exchanges Need More Regulation, Asks Congress to Weigh in
21.5.2021
The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is pushing for more regulation around cryptocurrency exchanges, citing the need for investor protection in this area. He has asked Congress to weigh in. SEC Chairman Pushes for More Crypto Regulation SEC Chairman...
Digital Asset Marketplace Apifiny Prime Granted FINRA Broker-Dealer License Approval
30.4.2021
On Thursday, Apifiny, a global digital asset trading and mining network, announced the company’s subsidiary Apifiny Prime has been granted a broker-dealer license from the Financial Industry Regulatory Authority (FINRA). The firm now joins the ranks of brokerage and exchange businesses like...
Uphold obtains FINRA approval to acquire US broker-dealer
31.3.2021
The acquisition will reportedly allow Uphold to launch fractional equities in the United States in 2021
Crypto Firm Uphold Gets US OK to Buy Broker-Dealer JNK Securities
31.3.2021
Uphold is set to become one of the first cryptocurrency businesses in the U.S. to offer securities on an omnibus basis to retail investors, the company said
Crypto Asset Manager Bitwise Files to Publicly Trade Bitcoin Fund
3.2.2021
On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to deploy its shares publicly via over-the-counter (OTC) desks and secondary markets....
Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund
2.2.2021
The fund aims to compete with Grayscale's Bitcoin Trust and others by offering a 50 basis point lower expense ratio