Category Archives: Broker dealers

Big VCs Push SEC To Back Off

Big Venture Capital that supports crypto-currency firms have hired the major Washington, D.C. lobbyist guns to try to keep the Securities and Exchange Commission and other financial regulators off their backs. According to the Wall Street Journal, “The group wanted … Continue reading

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Selling Stock On GoFundMe – Bad Idea

Let’s face it. Trying to crowdfund millions of dollars to take over a company where the donors get nothing in return is not a viable strategy. Issac Larian’s effort to raise $1 Billion has garnered only $62,000 in pledges to … Continue reading

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Israel Finds Crypto-Currency Not A “Security”

The Israel Securities Authority Committee for the Examination and Regulation of Initial Coin Offerings has ruled that ““cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific … Continue reading

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AZ May Be First State To Regulate ICO’s

Arizona may become the first state to regulate crypto-currencies and Initial Coin Offerings. The House bill that just passed through committee would classify ICO’s and equity (as opposed to donation or rewards) crowdfunding as “securities” subject to registration unless exempted … Continue reading

Posted in accredited investor, Banking, Broker dealers, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Tokens For Film Just Another Unregistered ICO

What is being touted as the “first ever crowdfunding for motion pictures” went live yesterday as just another initial coin offering that appears to be unregistered with the Securities and Exchange Commission. Futureworks is “gifting” tokens on the ethereum blockchain … Continue reading

Posted in accredited investor, Broker dealers, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

South Korea Considers Crypto Regulation

Fox Business is reporting: “New proposed legislation in (South) Korea will ban the use of anonymous cryptocurrency accounts starting next month and prevent banks from providing settlement services for unidentified digital-currency trades on bitcoin exchanges.” This follows the shut down … Continue reading

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SEC Warns Professionals About Bitcoins

As the futures price of Bitcoin surged past the spot price on the first official day of futures trading on the Cboe, the Chairman of the Securities and Exchange Commission ramped up his warning. In a public memo, Chairman Clayton … Continue reading

Posted in accredited investor, balance, Broker dealers, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, FINRA, fraud, Funding Portals, Investments, Jobs, Legislative Intent, penalty, review, SEC, Small Business, technology, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment