FINRA may hire employees terminated from crypto firms: Report
“Anybody who is getting laid off from a crypto platform and wants to work for FINRA, give me a call," said president and CEO Robert Cook. The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move that could include scooping up employees recently terminated from crypto companies.According to a Tuesday Reuters report, FINRA president and CEO Robert Cook encouraged crypto workers who expect to be on the chopping block to reach out to the financial regulator as part of its efforts to increase resources related....
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FINRA believes the widespread use of blockchain could come to impact its core business practices. The self-regulatory organization for US brokers published a new report on blockchain tech yesterday that offers both a broad overview of the tech from the context of its industry, as well as its take on its potential impact on the brokerage sector. FINRA has been open about its work on the technology (in conjunction with its members) in the past, though the release constitutes some of its most direct comments to date. Most notably, FINRA said that, should the tech see broader use in the....
PRESS RELEASE. Cryptocurrency exchange LBank has continued to hire more crypto and blockchain talents as well as interns for its global offices.
Against the backdrop of extreme volatility in the crypto market and investors dumping risky assets, as well as certain crypto firms laying off employees and freezing withdrawals, LBank makes a move in the right lines.
At the moment, the exchange is hiring from all parts of the world including Indonesia, Philippines, Morocco, Turkey, Nigeria, India, etc., to add to its team members located in over 14 countries.
The....
"We're hiring, just like everyone, hiring aggressively for the right people." According to PwC FinTech director Jeremy Drane, the number one issue facing the blockchain industry today is a lack of talent, a declaration backed up by statements from the firm's peers. A blockchain hiring crunch is now hitting the major professional services firms as they seek to satisfy the growing demand for products and services from global financial institutions and businesses. In interviews, global consulting firms Deloitte, KPMG and PwC indicated that they're currently seeking to hire....
The creditors wrote that the employees are "already well-compensated" while its creditors struggle to pay their expenses. Voyager Digital Holdings’ committee of unsecured creditors has filed a motion to object to the firm's proposal to keep its employees by paying them monetary awards for staying in the company. On August 2, Voyager Digital filed a motion to the United States Bankruptcy Court in the Southern District of New York to approve the Key Employee Retention Plan (KERP) that aims to distribute $1.9 million to 38 key employees who were deemed to be very crucial to the operations of....
The Financial Industry Regulatory Authority released a report on blockchain’s impact on the securities industry in its efforts to support financial institutions investing in the technology. Many FINRA rules, as well rules by other regulators such as the Securities and Exchange Commission, are potentially implicated by various distributed ledger technology (DLT) applications, the report noted. A DLT application that alters clearing arrangements or serves as a source of recordkeeping by broker-dealers could implicate FINRA rules for carrying agreements and records requirements. FINRA seeks....