Tag Archives: Goldman Sachs

Crypto Consolidates With Crowdfunding

Even as evidence grows as to the unreliability of cryptocurrencies, legitimate players are consolidating their positions in the industry. Goldman Sachs-backed Circle, a cryptocurrency platform has acquired crowdfunding platform SeedInvest. SeedInvest is reported to be the largest crowdfunding site in … Continue reading

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Cryptocurrency Is Dead

Yeah, no. The Wall Street Journal reports that Goldman Sachs has killed its planned cryptocurrency trading desk. Why? No one cares about cryptocurrency any more. The bubble has burst. (If you believe it). https://www.wsj.com/articles/goldman-tables-crypto-desk-1536183581

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

Telegram Avoids An Initial Coin Offering

Telegram, the encrypted messaging app now banned in Russia and Iran, announced that it was abandoning its plans for a public Initial Coin Offering since it was able to raise $1.7 Billion from fewer than 200 private investors. Some think … Continue reading

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

Crowdfunding Site Lures Goldman Sachs Banker

What’s your next career option after 10 years as a high income investment banker at Deutsche Bank and Goldman Sachs? It’s crowdfunding, of course. Natacha Tannous has just (in Variety speak) ankled Goldman to go work for sports crowdfunding site … Continue reading

Posted in accredited investor, Banking, checkbook, 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, technology | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Look For A Different Focus At The SEC

The PEOTUS’ pick for the chairman of the Securities and Exchange Commission, Jay Clayton, has deep ties to protecting Wall Street as a partner at the white shoe law firm Sullivan & Cromwell. He has written that “zealous enforcement of … Continue reading

Posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Dodd Frank, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Wall Street Attempts To Push Out Crowdfunding Lenders

Wall Street is stepping into a vacuum left by crowdfunder Lending Club by initiating a new consumer lending platform named “Marcus.” If you are invited to the party (with a code), you will be able to borrow up to $30,000 … Continue reading

Posted in Banking, Banks, Broker dealers, CFPB, checkbook, Congress, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, deposits, Dodd Frank, Funding Portals, NSF, overdraft fee, penalty, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Who Needs Banks – Part II

The Wall Street Journal notes that disintermediation is rampant as the banks have continued to ignore community lending giving up this market to online lenders. When celebrity chefs with a history of earnings cannot get a loan to expand, something … Continue reading

Posted in Banking, Banks, 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