#FINRA

Bitcoin Trader Blacklisted by FINRA over $1.5 Million BTC Scam

March 27, 2019 by Osato Avan-Nomayo at Bitcoin, Crime, News, Regulation

A Colorado-based bitcoin (BTC) trader is one of 27 individuals recently blacklisted by the United States Financial Industry Regulatory Authority (FINRA). On March 25, 2019, CNBC reports that the BTC trader was part of a $1.5 million bitcoin scam which also included his brother who is currently on the run...

Circle Internet Financial Acquires SeedInvest Crowdfunding Platform

March 6, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

Circle, a U.S-based fintech firm has completed the acquisition process of SeedInvest in a bid to establish a robust token marketplace that would allow businesses as well as individuals to raise capital via open crypto rails and infrastructure, according to a blog post March 4, 2019. Circle Officially Takes Over...

U.S. Federal Court Defines Cryptocurrencies as Commodities

FINRA Fines Morgan Stanley $5 Million for Sub-Standard Anti Money Laundering Practices

December 30, 2018 by Shaurya Malwa at Finance, News, Regulation

The American financial industry regulatory authority, FINRA, has fined wall Street bank Morgan Stanley for violating anti-money laundering (AML) rules over a period of five years, reported Finance Magnates on December 26, 2018. Fraud in the Traditional Space FINRA stated the financial giant failed to adhere to three requirements of...

FINRA Releases Alert on Cryptocurrencies and ICOs

August 21, 2018 by Cindy Huynh at Altcoins, Bitcoin, ICO, News, Regulation

According to the Financial Industry Regulatory Authority (FINRA), Initial Coin Offerings (ICOs) and cryptocurrencies are investments that have significantly higher risks than conventional assets like stocks and bonds. FINRA noted that cryptocurrencies hold significant uncertainty and may even be fraudulent. While all forms investments come with a certain level of...

Coinbase RoundUp: Token Additions, SEC Acquisition, and FINRA Probe?

July 23, 2018 by Priyeshu Garg at Adoption, Altcoins, Business, Development, Finance, Investment, News, Regulation

One of the first crypto unicorns in the space, Coinbase, has enjoyed the same volatility native to the sector it represents just this past week. Most notably, the firm announced the potential addition of five new cryptocurrencies, an odd (and apparently unnecessary) declaration regarding confirmation from the SEC and FINRA,...

Tezos Co-Founder FINRA Suspension Could Impact Project Launch

April 23, 2018 by Priyeshu Garg at Altcoins, Business, Finance, News, Regulation

The fine issued by the Financial Industry Regulatory Authority (FINRA) to Tezos co-founder Arthur Breitman could reportedly affect the Tezos project, especially if the SEC deems its tokens to be a security. On April 18, 2018, Breitman was fined $20,000 for alleged violations of FINRA regulations, a charge he neither...