News Centre

Vega Exits Stealth With Over $8 Million In Funding To Reshape Wealth Management

Date 26/09/2023

• Former Elliott, KKR, Blackstone and Revolut executives team up to bridge the gap between the institutional and private wealth management worlds
• The fintech company is building technology that enables the next generation of high-net-worth individuals and their advisors to manage their wealth like top institutional investors
• The company is backed by Motive Ventures (lead), Picus Capital, Citi Ventures, No Label Ventures, GFC and 60+ senior financial services and fintech executives

CFTC Charges Dallas And Los Angeles Area Precious Metals Dealers In Ongoing Fraud Scheme Garnering Over $7 Million From Retirement Accounts - Court Issues Restraining Order To Protect Assets And Documents

Date 26/09/2023

The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Northern District of Texas against Dallas-based Damien Moran, and precious metals dealer companies Crown Bullion, Inc. and Bright Future Financial LLC (also d/b/a Oakhurst Metals) for fraudulently soliciting customers to purchase precious metals in self-directed individual retirement accounts, and misappropriating customer funds and assets. 

Report From FINRA Board Of Governors Meeting – September 2023 = Board Reaffirms FINRA’s Financial Guiding Principles; Receives Updates On Regulatory Operations

Date 26/09/2023

FINRA’s Board of Governors met on September 13-14 in Philadelphia. In addition to continuing discussions around FINRA’s Regulatory Operations, the Board reaffirmed FINRA’s Financial Guiding Principles.

Welcoming Remarks, Federal Reserve Governor Michelle W. Bowman At The FedCommunities Event "Keys To Opportunity In The Housing Market: Research On Strategies For Preserving And Expanding Rental Housing Affordability," Washington, D.C.

Date 26/09/2023

Welcome, and thank you for joining us for the Federal Reserve's Community Development Research seminar series. This series enables the sharing of important research on economic conditions and opportunities in lower-income communities. We believe that conducting research to better understand these topics is an important way to further the goal of promoting an inclusive U.S. economy.

Ontario Securities Commission Announces New Members Of The Investment Funds Technical Advisory Committee

Date 26/09/2023

The Ontario Securities Commission (OSC) announced today the membership of the Investment Funds Technical Advisory Committee (IFTAC) for the 2023-2025 term.

The EBA Second Mandatory Exercise On Basel III Full Implementation Shows A Significantly Reduced Impact On EU Banks With Shortfalls Nearly Fully Absorbed

Date 26/09/2023

The European Banking Authority (EBA) today published its second mandatory Basel III Monitoring Report which assesses the impact that Basel III full implementation will have on EU banks in 2028. According to this assessment -- which uses a sample of 157 banks for the point-in-time analysis -- in terms of minimum Tier 1 capital the impact has significantly decreased in relation to the previous reference date of December 2021. In terms of estimated capital shortfall, the impact of the reform has been nearly fully absorbed.

SEC: New Report From The Small Business Forum Includes Recommendations To Improve Capital Raising

Date 26/09/2023

The Securities and Exchange Commission today released a report to Congress summarizing policy recommendations made during the 42nd Annual Government-Business Forum on Small Business Capital Formation. The report provides a summary of the forum proceedings, including the recommendations developed by participants for changes to the capital raising framework and the Commission’s responses to those recommendations.

Quant Smart Audit Protects Enterprises Against The $4bn Threat Of Smart Contract Hacks

Date 26/09/2023

Blockchain for finance pioneer Quant launched a new service today for financial institutions, payment firms and other enterprises struggling to protect their smart contracts and decentralised applications from vulnerabilities. Quant is enabling the secure transformation to decentralisation and blockchain networks, migrating from on-prem and cloud infrastructure and applications to distributed ledger technologies.

CFTC Commissioner Pham To Speak At FIA Expo 2023

Date 26/09/2023

wnt.icu: BaFin Investigates Skyline Digital Ltd

Date 26/09/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Skyline Digital Ltd and the services it is offering. According to information available to BaFin, the company, which is domiciled in St. Lucia, is providing financial and investment services on its website wnt.icu without the required authorisation. The company is not supervised by BaFin and is not affiliated with the supervised company CMC Markets Germany GmbH.