Tag Archives: manipulation

MoviePass Under Investigation

Using the broad Martin Act, the New York state securities statute, the New York Attorney General is investigating whether MoviePass misled investors regarding its financial situation. MoviePass is the wildly popular movie subscription service that has been changing its business … Continue reading

Posted in balance, checkbook, Film, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, Wall Street | Tagged , , , , , , , , , , , , , | Leave a comment

Not The Season For Crypto ETFs (Yet)

It’s still not time for cryptocurrency Exchange Traded Funds according to the Securities and Exchange Commission. Yesterday, it denied 9 applications to operate Bitcoin ETFs giving as their reason (as they reasoned when they turned down the Winklevoss Twins recently): … Continue reading

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

Winklevoss Bitcoin Exchange Using Nasdaq Surveillance Software

The Winklevoss Twins’ Gemini (get it?) cryptocurrency exchange is now using the Nasdaq’s SMARTS surveilance software to check for trading anomalies for Bitcoin and Ether in real time. It will also monitor the auctions that Gemini holds weekdays at 4:00 … Continue reading

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

Crypto Exchange Volume Being Falsified

“Slippage” is a measure of the liquidity of digital assets by selling $50,000 worth of each asset across various exchanges to see the effect of the sales on the price of the asset. It was used by crypto trader Sylvain … Continue reading

Posted in accredited investor, balance, Banking, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Legislative Intent, review, SEC, technology, VC, Venture Capital | 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

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

Be Careful What You Say On Social Media

Go to jail for tweeting? Yes, if you pose as a well known short selling activist and post Tweets that are untruthful. Currently on the lam, James Alan Craig, last of Scotland, was indicted for securities fraud for just that. … Continue reading

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FINRA Takes Crowd Funding Action

The FINRA Board met yesterday authorizing the publication of a Regulatory Notice to solicit comment on proposed rules and related forms governing funding portals pursuant to Title III of the JOBS Act. The proposed rules address among other things the … Continue reading

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

FINRA Seeks Public Comments on Crowd Funding

FINRA is soliciting comment on the scope of FINRA rules that should apply to firms engaging in crowdfunding activities, as funding portals or as brokers. Commenters are encouraged to identify the types of requirements that should apply to registered funding … Continue reading

Posted in Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Funding Portals, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment