Tag Archives: Citigroup

Banks Ban Use of Credit Cards To Buy Bitcoin

The money center banks, CitiGroup, Capital One,Bank of American and JP Morgan have now banned the use of their credit cards to buy Bitcoin. This is in reaction to many consumers who are leveraging their purchases using credit card debt. … Continue reading

Posted in accredited investor, Banking, Banks, CFTC, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, insufficient funds fees, Investments, Jobs, Legislative Intent, NSF, overdraft fee, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Some “Bad Actors” Are More Equal Than Others

Are some “bad actors” more equal than others? The SEC has given admitted criminals waivers from the bad actor disqualification to participate in the private placement market. These criminals include some of the large international money center banks. Other smaller … Continue reading

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Crowdfunding Hedge Fund Investing

While some big institutional investors are bailing out of hedge funds, one new crowdfunding platform has raised $2 million to let accredited investors take part in them. In September, the California Public Employees’ Retirement System divested its entire $4 billion … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bad Actor Exemption For Citibank

Under last year’s regulation, if your firm is hit with an SEC cease and desist order, you become a “bad actor” and cannot be involved in sales of private placements or hedge funds under Regulation D. If your firm paid … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Biggest “Bad Actor” in Town

Back in Sept. 2013, when the SEC amended Reg. D permitting advertising of private placements, it also issued a companion rule that said that persons that commit certain actions, including being a recipient of an SEC administrative disciplinary order, would … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment