Life is an ongoing journey of growth and learning, and this principle applies to every aspect of our lives, including financial security and investing. Recognizing the importance of empowering older investors, the Securities and Exchange Commission (SEC) has launched an inspiring public service campaign titled "Never Stop Learning." This dynamic campaign aims to equip older adults with the knowledge and tools necessary to protect their hard-earned money and make informed investment decisions. Let's delve into the exciting components of this campaign and understand why continuous learning is vital to safeguarding financial well-being.
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A money manager is key if you want a better shot at high returns in traditional and alternative investment markets. We have seen all too often that the missing piece to many investors’ financial puzzles is a reputable wealth manager with a keen eye for detail and an intuitive grasp of the market’s ups and downs. Along with traditional stock market experience, savvy money managers often include various extras such as insurance services, estate planning, and tax advice. Perhaps most importantly, they help you set and achieve realistic financial goals within a manageable budget. Building and managing wealth with a competent money manager will also help an investor meet the requirements for accredited investor status. Which in turn will allow an investor to take part in Rule 506(c) offerings.
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Over the past year, the value of one Bitcoin jumped from $3,717 at the beginning of 2019 ending the year with a peak of $7,580 in December. Remarkably, blockchain technology has come so far from the early bitcoin mining days. In fact, Forbes recently released its fifth annual Fintech 50 list, highlighting some of the most innovative companies. Many of the companies making the list this year are involved with cryptocurrency and blockchain technology.
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The Securities and Exchange Commission (SEC) has recently put forward a proposal for rule changes aimed at strengthening the risk management and resilience of covered clearing agencies. By amending existing rules and introducing new ones, the SEC seeks to ensure the continuity of clearing services and bolster the stability of the capital markets. This move is essential for safeguarding the interests of investors, issuers, and the overall market. Let's delve into the details of the proposed amendments and their potential impact.
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Without a doubt, the pandemic has sent so many of our activities online, including a wide variety of financial transactions. So now, we would like to discuss five notable financial technology trends happening in the Covid-19 era and explain what they mean for our future.
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Investing can be a lucrative way to grow your wealth, but it comes with inherent risks. Even investing in a strong brand – a common approach to general investments – does not completely minimize such risks. As such, proper evaluation of investment opportunities is vital to avoid costly mistakes and maximize potential returns. There’s no safe way around that; asking the right questions is crucial to making informed investment decisions. To address this and, hopefully, help you make better-informed decisions, here we will outline the key questions to ask when evaluating investment opportunities.
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In a stunning turn of events, Binance, the world's largest cryptocurrency exchange, finds itself entangled in a high-stakes legal battle with the formidable US Securities and Exchange Commission (SEC). The SEC, known for its regulatory prowess, has accused Binance of engaging in illicit activities within the United States. The exchange's founder, the visionary Changpeng Zhao, has been named as one of the defendants, intensifying the gravity of the situation. The SEC's allegations cast a wide net, accusing Binance of everything from unlawful investor solicitation to running unregistered investment schemes. Moreover, they claim that Binance provided misleading information regarding their surveillance and control over manipulative trading practices. While expressing their disappointment, Binance maintains that they have been cooperating fully with the SEC's exhaustive investigations.
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Let’s face it: climate change is undoubtedly an ongoing, hot-button issue that affects industries and economies around the world. Exploring financial risks related to climate change, the Commodity Futures Trading Commission (CFTC)’s Climate-Related Market Risk Subcommittee of the Market Risk Advisory Committee (MRAC) released a report in September. The report, “Managing Climate Risk in the U.S. Financial System” thoroughly introduced 53 recommendations mitigating climate-related financial risks, which the subcommittee deemed “serious” enough to cause financial and economic instability in the U.S. Risks to include major “capital flights” from industries hit hard by climate change, leading to disruptions of the financial system overall, as described by Politico.
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The Securities Act of 1933 holds a significant place in the history of financial regulation in the United States. Enacted in response to the devastating stock market crash of 1929, this landmark legislation aimed to restore public confidence in the securities market and protect investors from fraudulent practices. The Act established a framework of transparency and accountability that remains crucial to this day. This article delves into the historical context, key provisions, and lasting impact of the Securities Act of 1933.
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Something happened in the crypto world recently regarding Kraken. Let’s take a deeper look at it. Kraken, a top cryptocurrency exchange, has informed its users that it will cease its unregistered staking-as-a-service program for crypto assets. For those who do not understand what “staking” is, “staking is a process in which investors lock up – or “stake” – their crypto tokens with a blockchain validator with the goal of being rewarded with new tokens when their staked crypto tokens become part of the process for validating data for the blockchain.” This decision was made following charges filed by the Securities and Exchange Commission (SEC). Kraken has also agreed to pay a $30 million settlement to resolve the allegations brought against it.
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