The Texas State Securities Board (TSSB) came out with its annual list of the top investor threats and issued guidance for investors on steps they can take to protect themselves from fraud. The top investor threats for 2022, according to the TSSB, are investments related to cryptocurrencies and digital assets. Stories of “crypto millionaires” attracted […]
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The Virginia State Corporation Commission (SCC) is urging state residents to approach decentralized finance, or DeFi, services with caution and warns them to understand the potential benefits and risks.© Shutterstock DeFi is a relatively new blockchain-based set of financial services that could come with risks that are not readily apparent to investors, SCC officials said. […]
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U.S. Rep. Patrick McHenry (R-NC) and U.S. Sen. Pat Toomey (R-PA) are urging Securities and Exchange Commission (SEC) Chair Gary Gensler not to shorten the public comment period for rulemakings. © Shutterstock McHenry, the ranking member on the House Financial Services Committee, and Toomey, ranking member on the Senate Financial Services Committee, said most SEC […]
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Financial markets post trade solutions provider ATEO said the firm is expanding its resources to offer connectivity to varied crypto exchanges, yield, and custodian platforms.© Shutterstock ATEO said the expansion initiative stems from an interest in how cryptocurrencies and digital assets are changing how financial institutions consider strategic investment instruments while exploring leveraging digital assets […]
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The Securities Industry and Financial Markets Association (SIFMA), along with SIFMA Asset Management Group (SIFMA AMG), sent comment letters to the Securities and Exchange Commission (SEC) on its proposed rule on data reporting.© Shutterstock The proposed rule would introduce a regime requiring the reporting of data, terms, and other market information regarding securities lending transactions […]
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U.S. Sens. Tina Smith (D-MN) and Mike Rounds (R-SD) introduced a bill that seeks to spur economic development in distressed areas and underserved communities.© Shutterstock Their legislation — CDFI Bond Guarantee Program Improvement Act – would look to strengthen and expand Community Development Financial Institutions (CDFI), which bring capital and financial services to underserved communities. […]
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Blockchain-centric firm Prometheum officials said the company’s broker-dealer subsidiary, Prometheum Ember ATS Inc., has received regulatory approval for a resource designed to bolster digital asset securities resources.© Shutterstock Prometheum Ember ATS has garnered Securities and Exchange Commission (SEC) clearance to provide accredited and non-accredited investors with the ability to buy, sell and manage digital asset […]
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U.S. Sen. Ron Wyden (D-OR) voiced his support for a proposed new rule by the Centers for Medicare & Medicaid Services (CMS) that would address high fees imposed on pharmacies by pharmacy benefit managers (PBMs).© Shutterstock The proposed rule would require all direct and indirect remuneration (DIR) fees to be applied to lower the cost […]
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A recently released Marijuana Policy Project report explores tax revenue generated from state-legal, adult-use cannabis – determining states that have legalized cannabis for adults are reaping significant economic benefits.© Shutterstock Per the analysis, as of December 2021, states reported a combined total of $10.4 billion in tax revenue from legal, adult-use cannabis sales. The scope […]
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The U.S. Securities and Exchange Commission (SEC) detailed last week charges against an Australian man and two companies he founded, alleging actions resulting in defrauding investors.© Shutterstock Per the SEC complaint, charges were levied against Craig Sproule, Crowd Machine, Inc., and Metavine, Inc. for allegedly making materially false and misleading statements in connection with an […]
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