Tag Archives: deposit

Crowdfunder Revolutionizing Fintech

Fintech is revolutionizing banking and the public is ready. The United Kingdom fintech company Monzo raised £1 million in just 96 seconds on the “equity crowdfunding site Crowdcube, crashing their servers and setting the record for the fastest ever crowdfunding … Continue reading

Posted in accredited investor, balance, Banking, Banks, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, Funding Portals, Investments, Jobs, Legislative Intent, NSF, overdraft fee, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Swiss Loosen Money Laundering Rules For Fintechs

In a move counter to today’s legal tightening, Swiss banking authorities are loosening rules to counter money laundering for small new fintech companies. The regulator, FINMA, has determined that “small” institutions are those with gross revenues under 1.2 million Swiss … Continue reading

Posted in accredited investor, Banking, Banks, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, Dodd Frank, fraud, Investments, Jobs, Legislative Intent, review, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Mussolini Arrested by FBI

Film financing fraud is real and that’s what the SEC fears. The FBI has arrested Preston Waters’ CEO Nicholas Mussolini and charged him with knowingly devising a scheme to obtain money by fraudulent pretenses. It’s alleged that the firm asked … Continue reading

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