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United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD).In separate letters dated Aug. 9, House committee chair Patrick McHenry
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Prometheum subsidiary Prometheum Ember Capital has received approval from the Financial Industry Regulatory Authority (FINRA) as a special purpose broker-dealer (SPBD) for digital asset securities. This approval allows Prometheum to custody digital asset securities on behalf of retail and institutional clients.FINRA’s designation of Prometheum Ember Capital as an SPBD makes
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If the US SEC classifies cryptocurrencies as securities, OTC Markes will be well-positioned in providing liquidity to these assets in the future. During its earnings call earlier this week, OTC Markets announced that it has secured FINRA approval in order to provide services for digital assets as securities. This is
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The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and services offered by them.The regulatory body, in an official notice, announced that it is launching a targeted exam on firms on how they handled retail communications between July 1
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The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move that could include scooping up employees recently terminated from crypto companies.According to a Tuesday Reuters report, FINRA president and CEO Robert Cook encouraged crypto workers who expect to be
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The approval allows Gemini Galactic to operate an alternative trading system (ATS), which will facilitate the trading of “digital asset securities,” said Gemini, adding that such assets are subject to U.S. securities laws, like traditional stocks and bonds, and therefore can only be bought and sold through a licensed broker-dealer. Source
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Robinhood Financial is facing an investigation over CEO Vlad Tenev’s failure to register with the Financial Industry Regulatory Authority, one of Wall Street’s top regulators, the online broker disclosed Tuesday in regulatory filings.The firm said it received an “investigative request” from FINRA on Monday.In question is Robinhood’s compliance with “FINRA
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The CEO of the Financial Industry Regulatory Authority (FINRA) said the self-regulatory body will look at potential changes to crypto regulations this year as crypto adoption grows, Barron’s reported, citing a virtual conversation with Securities Industry and Financial Markets Association (SIFMA) CEO Kenneth Bentsen Jr. on Wednesday.CEO Robert Cook said
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Texture Capital is preparing to launch a digital securities trading hub for private capital markets after getting the green light from a U.S. financial regulator.With its Financial Industry Regulatory Authority (FINRA) broker-dealer registration and alternative trading system go-ahead, revealed to CryptoX Tuesday, Texture moves closer to taking its issuance marketplace
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Grayscale, a leading cryptocurrency asset management firm with $4 billion assets under management, has received approval from the United States Financial Industry Regulatory Authority (FINRA) to launch its Bitcoin Cash Trust and Litecoin Trust and make the shares available for public trading on over-the-counter (OTC) markets, according to a press
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