President Joe Biden on Thursday called for ending tax subsidies for cryptocurrency investors, the real estate industry and the oil and gas sector, as he formally rolled out his proposed budget for the...
Tag: Securities
NY AG sues KuCoin for selling securities and commodities without registration
New York state Attorney General Letitia James announced that she has filed suit against cryptocurrency exchange KuCoin after she was able to buy and sell crypto on the exchange, which is not registere...
KuCoin Crypto Exchange Sued By NYAG Over Selling Securities
On Thursday, the office of the New York Attorney General filed a lawsuit against the cryptocurrency exchange KuCoin, saying that the company marketed unregistered securities and commodities. According...
BaFin Declines to Classify NFTs as Securities, Recommends Case-by-Case Approach
The fact that there is now a discussion going on over the appropriate approach to classify these digital assets is reflected in BaFin’s decision to not recognize NFTs as securities. This argumen...
Securities Platform DEFYCA to Release Tokenized Private Debt Protocol on the Avalanche Blockchain
On the protocol, tokenized assets will be issued, securitized and structured into liquid pools, and investors can deploy algorithmic strategies to trade. As the usual steps of debt issuance such as li...
Morgan Stanley, Charles Schwab, and the Recruiting Move That Went Off the Rails
Morgan Stanley lost a multimillion dollar arbitration case last week involving several parties and which centered on a recruiting move that went off the rails nearly four years ago. To understand how...
Recently, I’ve been ‘over-employed,’ working two jobs to rake in $300K a year. Now I have enough saved to buy a business, but I need trustworthy advice. Where do I turn?
Having two full-time jobs doubled my annual income to $300,000 and allowed me to accumulate enough savings to purchase a few online businesses. Getty Images/iStockphoto Question: I’ve been a member of...
SVB Financial stock plummets toward biggest one-day selloff in 23 years after stock offering, large losses on securities sales
Shares of SVB Financial Group SIVB, +0.16% plummeted 30.6% to pace all of the S&P 500’s SPX, +0.14% premarket losers on Thursday, which puts them on track for the worst one-day performance in 23 y...
NFTs Are Not Securities Yet, According to Germany’s BaFin
Several jurisdictions across the world have bolstered efforts to regulate the digital assets industry. In Germany, too, the financial regulator issued guidelines on the regulatory treatment of cryptoc...
Stock market could ‘take it hard’ as expectations grow for a 6% fed funds rate
U.S. stock investors are clearly not too happy with what Federal Reserve Chairman Jerome Powell has said in the past two days. And there’s reason to think they’ll get even more dissatisfied in the wee...
Fed may stutter-step at end of interest rate hiking cycle for first time since 1990
U.S. financial markets are taking a more cautious approach as they forecast future Federal Reserve interest-rate decisions after Chair Jerome Powell said policymakers will likely need to raise interes...
Germany: Digital Collectible NFTs Not Securities
Germany’s finance watchdog says it hasn’t found any NFTs that can be classified as a security, but that doesn’t mean they won’t crop up. BaFin says it studied different kinds of NFTs: digital collecti...
We are in our 50s, living in California, and have $2 million in retirement savings. We want someone to tell us whether we can feasibly retire — what’s our best bet there?
Getty Images Question: We are a single income couple in Southern California, ages 56 and 54. We are looking for a fee-only financial adviser to assess our financial situation and provide a one-time co...
Warren Buffett’s Berkshire Hathaway boosts its stake in Occidental Petroleum
Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum Corp. in recent days. Berkshire bought about 5.8 million shares of Occidental in a series of purchases Friday, Monday an...
Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF
Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...
Bond-market recession gauge plunges to triple digits below zero on way to fresh four-decade milestone
One of the bond market’s most reliable gauges of impending U.S. recessions plunged further below zero into triple-digit negative territory on Tuesday after Federal Reserve Chairman Jerome Powell point...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...
SEC Lawyer Alleges Binance.US Sells Unregistered Securities
U.S. Securities and Exchange Commission lawyer William Uptegrove asserted in a Voyager bankruptcy hearing that SEC staff believe Binance.US is running an unregistered securities exchange. He added tha...
How to invest in the stock market and never lose money
Fixed index annuities are not the only way you can invest in the stock market and be assured of not losing money over the short term. That’s because there’s a do-it-yourself alternative that avoids th...
I’m 57 and will soon have more than $3 million from a business sale. My rich boss trusts his financial adviser, but he inherited his millions. Still, should I try his adviser?
Have a question about your financial adviser or looking for a new one? Email [email protected]. Getty Images/iStockphoto Question: I am 57 years old, have $450,000 saved for retirement and will so...
10 banks that may face trouble in the wake of the SVB Financial Group debacle
As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always...