Todd Cipperman News Today

Foreside Financial, based in Portland, acquired a Pennsylvania firm that specializes in chief compliance officer services for the financial industry.

The hefty FINRA award might not deter firms from poaching difficult-to-find talent.

The SEC took steps this week to get a better handle on what’s happening at often opaque private investment funds.

Washington: First he loved them, then he doubted them, but is he manipulating them? Tesla boss Elon Musk’s tweets about cryptocurrencies like bitcoin are annoying their devotees and raising eyebrows among market watchers. The saga started in February when Musk’s company Tesla announced it would buy $1.5 billion worth of bitcoin and later said it would accept the virtual currency as payment for its electric cars. But in mid-May, he broke hearts with tweets questioning the digital asset, part...

Markets ponder Elon Musk role in crypto turbulence SECTIONS Last Updated: May 22, 2021, 10:24 AM IST Share Synopsis Musk, who is most vocal on Twitter, continues to support dogecoin, another virtual currency that was created as a joke but has grown in popularity. AP Related WASHINGTON: First he loved them, then he doubted them, but is he manipulating them? Tesla boss Elon Musks tweets about cryptocurrencies like bitcoin are annoying their devotees and raising eyebrows among market watchers. The...

America Is Still Not Ready For A Bitcoin ETF Well, strictly speaking, the SEC’s not ready, but practically speaking they’re the same thing. Author: Apr 30, 2021 Well, strictly speaking, the SEC’s not ready, but practically speaking they’re the same thing. The idea of a bitcoin ETF (from these two guys, no less) has been around for as long as Gary Gensler has wanted to be chair of the Securities and Exchange Commission. Since then, Gensler has both become something of a crypt...

The S.E.C. delays a long-awaited decision on whether to allow a Bitcoin fund. Gary Gensler, the chair of the Securities Exchange Commission, has some expertise with cryptocurrencies.Credit...Kayana Szymczak for The New York Times April 29, 2021 For many cryptocurrency supporters and investors, regulatory approval of a Bitcoin exchange-traded fund in the United States represents the holy grail. It would allow the crypto-curious to get exposure to Bitcoin without having to buy the tokens themselv...

By Aaron Nicodemus2021-04-12T12:45:00+01:00 There are plenty of unanswered questions following the recent meltdown of family office Archegos Capital Management—and plenty of compliance lessons to be learned. Archegos is a hedge fund operated by billionaire Bill Hwang that reportedly lost $8 billion in less than two weeks in March. The firm had taken highly leveraged positions in several blue-chip stocks, including ViacomCBS. When ViacomCBS lost nearly half its value, Archegos’s risky bets b...

Archegos implosion could lead to family-office regulation Assessing the murky family-office world presents challenges, such as sorting out the different types. The SEC had targeted family office oversight for review this year even before the Archegos blowup. April 8, 2021 3 MINS When Archegos Capital Management recently stepped on a derivatives landmine, it may have set off an explosion that will have repercussions for advisory firms that manage wealthy families’ finance...

Cipperman Compliance Services Announces Addition of Three Senior Professionals Addition of client engagement leaders reflects increasing demand for Chief Compliance Officer outsourcing in financial services News provided by Share this article Share this article WAYNE, Pa., Feb. 23, 2021 /PRNewswire/ -- Cipperman Compliance Services (CCS), a leading provider of chief compliance officer services to money managers, registered funds, family offices, private equity firms, broker-dealers, and regula...