A new lawsuit filed by cryptocurrency exchange Kraken against Etana Custody is raising serious concerns about the integrity of third-party custodial platforms operating within the digital asset ecosystem. Payward Interactive, Inc. et al v. Etana Custody Limited (Justia Lawsuit Docket) The reports: Kraken alleges that Etana engaged in the misappropriation of client funds and operated [...]

Investors who suffered losses in connection with the Goliath Ventures matter should be aware of an important procedural requirement in the bankruptcy process. To preserve the right to participate in any potential recovery, investors may need to file a Proof of Claim with the bankruptcy court. A Proof of Claim is the official court-required form [...]

A federal court has now confirmed one of the largest recent FINRA arbitration awards, delivering a decisive win for investors and reinforcing the strength of arbitration outcomes. According to recent reporting (AdvisorHub: https://www.advisorhub.com/court-upholds-92-million-award-against-ubs/), a U.S. District Court judge rejected UBS Wealth Management USA’s attempt to overturn a $92 million arbitration award, which stemmed from allegations [...]

A sweeping enforcement action against broker-dealer Canaccord Genuity LLC is drawing renewed attention to the role financial firms play in safeguarding investors and preventing illicit activity. Federal regulators, including Financial Crimes Enforcement Network, the U.S. Securities and Exchange Commission, and Financial Industry Regulatory Authority, collectively imposed approximately $120 million in penalties against the firm for [...]