The Financial Industry Regulatory Authority Inc. has approved the broker-dealer status of Gemini Galactic Markets, an affiliate of Gemini Trust Co., which is controlled by twins Cameron and Tyler Winklevoss.
As a result of the approval, Gemini Galactic can operate an alternative trading system, which will facilitate the trading of digital asset securities, it said in a blog post on its website.
The initial securities to be traded on the platform include private placements, and may eventually include public offerings, John Reinhardt, Gemini’s director of custody operations, told the website CoinDesk.
The new regional leader brings nearly 25 years of experience as the firm seeks to tap a complex and evolving market.
The latest updates to its recordkeeping platform, including a solution originally developed for one large 20,000-advisor client, take aim at the small to medium-sized business space.
David Lau, founder and CEO of DPL Financial Partners, explains how the RIA boom and product innovation has fueled a slow-burn growth story in annuities.
Crypto investor argues the federal agency's probe, upheld by a federal appeals court, would "strip millions of Americans of meaningful privacy protections."
Meanwhile in Chicago, the wirehouse also lost another $454 million team as a group of defectors moved to Wells Fargo.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
