A roundup of the week's top fintech news, including crypto's collapse, Envestnet's custodian plans and SEI adding UMAs.
Martin A. Ruiz took $8 million of client money and spent the vast majority of the funds on personal expenses.
Entities tied to FTX.com, FTX US and trading firm Alameda Research were part of the Chapter 11 bankruptcy filing in Delaware.
While crypto skeptics feel vindicated, a proponent calls the collapse of the world's second-largest digital platform 'very bad news in the short term.'
The fund would follow the Morningstar Global Emerging Green Technologies Select Index.
United Nations Secretary-General António Guterres called for current pledges to be aligned with new guidance that was launched at COP27.
Sam Bankman-Fried told investors the crypto exchange needs $4 billion to remain solvent. Meanwhile, U.S. authorities are investigating FTX.
The news that Binance withdrew its offer sent bitcoin to its lowest level since November 2020.
66% of millennials would be more likely to contribute to their workplace retirement plan for the first time or increase their contribution if they knew their investments were doing social good.
Customers of the fallen crypto exchange pulled out $430 million worth of bitcoin in the space of just four days.
The exchange said the warrants weren't suitable for listing because of their extremely low pricing.
The proposed deal for Sam Bankman-Fried's 3-year-old exchange will 'help cover the liquidity crunch.'
The agency is floating tighter rules that would require certain funds to have at least 80% of assets correspond to investment strategies listed in their names.
ForUsAll says its Alt401(k) platform enables employees to invest in crypto through a brokerage window. Meanwhile, the firm has filed a lawsuit challenging the DOL's crypto warning.
Without standardization, institutional investors have some trouble incorporating the data.
Initially, the program will be available to UK investors, but it could eventually expand to all fund shareholders.
NightShares bets on the serene sophistication of markets that are closed to beat the indexes by sitting out the action during the day.
The bank issued tokenized $71,000 as part of the Singapore central bank’s pilot programs exploring the use of decentralized finance in the banking sector.
The brokerage has opened up a wait list for its new service Fidelity Crypto which will offer custody and trading of Bitcoin and Ethereum.
The prospect of providing clients with a custom portfolio that meets their guidelines is something advisers see as adding value to their services.
