Burma has just made up its mind to build up a new stock exchange and it has become possible only after the Tokyo Stock Exchange as well as Daiwa Securities have obtained a preliminary approval to assist in organizing this financial institution.
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Greg Smith has just abandoned Goldman Sachs. He criticized Goldman a lot, mostly paying attention to its suspicious business practices. These practices often gave birth to conflicts within the financial industry, but as usual only taxpayers face consequences of these dirty deeds.
Needless to say Goldman didn’t agree with him, but anyway Greg Smith did a good job as it drew attention to Goldman’s affairs. Now nobody denies that it’s high time to overhaul financial markets to make them safe for both investors and taxpayers.
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The term crowdfunding refers to allowing startups, or businesses that are yet in their infant stage of operation, to acquire small amounts of money for capital from investors. This is safe and secure since those who wish to act as “crowdfunding intermediaries” are required to be registered with the Securities and Exchange Commission (SEC). However, the SEC is yet to release its final regulatory framework for the said platform by Thanksgiving.
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CircleUp is both a broker and dealer that has the license for transacting shares and for taking commissions on sales. The CEO of CircelUp Ryan Caldbeck believes that if every crowdfunding portal has a license it will definitely help to cut fraud situations.
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