Ethereum Surges 314% In just 32 days since the launch of Ethereum IRA,​ the digital currency also known as Ether rose in value from $48 to its current price

Ethereum Surges 314% as Bitcoin IRA delivers stellar Self Directed IRA Returns to Clients

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Ethereum is $200, and Bitcoin is over $2,300. Both of these digital currencies started small, offering investors a chance at millions for less than $1.

Ethereum Surges 314%   In just 32 days since the launch of Ethereum IRA,​ the digital currency also known as Ether rose in value from $48 to its current price

BUZ INVESTORS PRESS RELEASE  Ethereum Surges 314%   In just 32 days since the launch of Ethereum IRA,​ the digital currency also known as Ether rose in value from $48 to its current price of $202, delivering investors a whopping 314% return. Ethereum has peaked the interest of Fortune 500 companies and is considered by many investors and traders to be the hottest altcoin on the market right now.

“Our clients are ahead of the curve; they are early adopters eyeing a massive opportunity as Ethereum and others become the digitization of efficiency in our common lives”  Chris Kline, COO of Bitcoin IRA

The weekend rise in Ethereum price may have moved lock in step with key partnerships and developments announced over the weekend. Below are the most common reasons that investors cite to justify a $1,000 Ethereum coin.



Ethereum Surges 314%

The People’s Republic of Chain wakes up to Ethereum

China’s leading bitcoin and altcoin exchange, Huobi announced it would offer Ethereum on Wednesday, May 31st, 2017. Huobi is one of the largest exchange players in China, if not the world. If history is any guide, one just needs to look back to when Litecoin started trading on Coinbase, almost immediately it’s value skyrocketed.

Ethereum and the Trillion dollar Freelancer market

eDEV.one, a remote worker wage payment, and job platform announced its plans to issue a part of its token sale on Danish exchange OpenLedger. Freelancers now makeup 35% of U.S. workers and collectively earned $1 trillion in the past year, according to the Freelancers Union, based in New York City, and the large freelancing platform Upwork, headquartered in Silicon Valley.

Toyota and MIT Partner to accelerate self-driving vehicles

Toyota Motor company has announced a tie-up with MIT to utilize blockchain​ and distributed ledger technology to speed up the development of autonomous driving technology.

Storj Labs raises millions to disrupt Dropbox

The leading decentralized cloud storage provider has concluded a token sale for its Ethereum-based application token. The platform met its goal of $30 million in just seven days.

The fact that Ethereum continues to be adopted by mainstream exchanges, companies, and initiatives signify its long-term value.

In Bitcoin IRA’s first year since launch, the company’s innovative retirement platform has was featured in the Wall Street Journal, Barron’s and Investopedia for making Bitcoin an easy option for retirement investing. It has also expanded its cryptocurrency offering by adding a secure way to invest in Ethereum as well as Bitcoin.

About Bitcoin IRA

Bitcoin IRA is the only Bitcoin-based retirement investment portfolio that allows people to invest with actual bitcoins and ethereum for their IRA or 401(k). The platform works with leading fintech professionals to provide secure, high-quality Bitcoin investments.

Bitcoin IRA offers both traditional and Roth IRA options​, which offer the same tax incentives as regular IRAs and 401(k)s. The company differentiates itself from other bitcoin and ethereum investment products in multiple ways. Unlike bitcoin and ethereum ETFs and investment funds, Bitcoin IRA offers an opportunity for individuals to invest in real bitcoin or ethereum at a much lower fee. Also, investors keep total control over their digital wallets, with no holding costs and the ability to withdraw once the term is over.

Learn more about Bitcoin IRA and Ethereum IRA athttps://bitcoinira.com/

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CFTC Orders Forex Capital Markets, LLC (FXCM) to Pay a $7 Million Penalty for FXCM’s Defrauding of Retail Forex Customers

FXCM banned by CFTC after taking positions against clients

CFTC Orders Forex Capital Markets, LLC (FXCM) to Pay a $7 Million Penalty for FXCM’s Defrauding of Retail Forex Customers

Buz Investors FXCM banned by CFTC The U.S. Commodity Futures Trading Commission <span data-recalc-dims=(CFTC) today issued an Order filing and settling charges against Forex Capital Markets" width="300" height="236" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/images-Small-1.jpg?resize=300%2C236 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/images-Small-1.jpg?w=610 610w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors FXCM banned by CFTC The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Forex Capital Markets, LLC (FXCM) , its parent company, FXCM Holdings, LLC (FXCM Holdings), and two founding partners, Dror (“Drew”) Niv, and William Ahdout, who were, respectively, Chief Executive Officer of FXCM and Managing Director of FXCM, (collectively, Respondents). FXCM’s principal place of business is New York, New York; Niv resides in Connecticut; and Ahdout resides in New York. The CFTC Order finds that, between September 4, 2009 though at least 2014 (the Relevant Period), FXCM engaged in false and misleading

The CFTC Order finds that, between September 4, 2009 though at least 2014 (the Relevant Period), FXCM engaged in false and misleading solicitations of FXCM’s retail foreign exchange (forex) customers by concealing its relationship with its most important market maker and by misrepresenting that its “No Dealing Desk” platform had no conflicts of interest with its customers. The Order finds FXCM, FXCM Holdings, and Niv responsible for FXCM making false statements to the National Futures Association (NFA) about its relationship with the market maker.



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FXCM banned by CFTC

 

The Order requires Respondents jointly and severally to pay a $7 million civil monetary penalty and to cease and desist from further violations of the Commodity Exchange Act and CFTC Regulations, as charged. FXCM, Niv, and Ahdout agree to withdraw from CFTC registration; never to seek to register with the CFTC; and never to act in any capacity requiring registration or exemption from registration, or act as a principal, agent, officer, or employee of any person that is registered, required to be registered, or exempted from registration with the CFTC.

“The CFTC Is Committed to Protecting Customers from Harm in the Markets It Regulates”

“Full and truthful disclosure to customers and honest discourse with self-regulatory organizations such as NFA are vital to the integrity and oversight of our markets,” said Gretchen L. Lowe, Principal Deputy Director and Chief Counsel of the CFTC’s Division of Enforcement. “Today’s action’s demonstrates that the CFTC is committed to protecting customers from harm in the markets it regulates.”

FXCM is registered with the CFTC as a Futures Commission Merchant and Retail Foreign Exchange Dealer. FXCM has been providing retail customers with access to over-the-counter forex markets through a proprietary technology platform and has acted as counterparty in transactions with its retail customers in which customers can buy one currency and simultaneously sell another. Both Niv and Ahdout were CFTC registrants during the relevant period.

FXCM, under Niv’s and Ahdout’s direction and control, misrepresented to its retail forex customers that when they traded forex on FXCM’s No Dealing Desk platform, FXCM would have no conflict of interest, the Order finds. In addition, according to FXCM’s marketing campaign, retail customers’ profits or losses would have no impact on FXCM’s bottom line, because FXCM’s role in the customers’ trades was merely that of a credit intermediary, the Order finds. FXCM further represented that the risk would be borne by banks and other independent “market makers” that provided liquidity to the platform, according to the Order.

FXCM’s Undisclosed Interest

Contrary to these representations, the Order finds, FXCM had an undisclosed interest in the market maker that consistently “won” the largest share of FXCM’s trading volume – and thus was taking positions opposite FXCM’s retail customers. FXCM, the Order finds, formulated a plan in 2009 to create an algorithmic trading system, using an FXCM computer program that could make markets to FXCM’s customers, and thereby either replace or compete with the independent market makers on FXCM’s “No Dealing Desk” platform. Although FXCM eventually spun off the algorithmic trading system as a new company, in actuality the company remained closely aligned with FXCM, according to the Order. This market maker received special trading privileges, benefitted from a no-interest loan provided by FXCM, worked out of FXCM’s offices, and used FXCM employees to conduct its business, the Order further finds.

The Order finds that FXCM and the market maker agreed that the market maker would rebate to FXCM approximately 70 percent of its revenue from trading on FXCM’s retail forex platform. In total, through monthly payments from 2010 through 2014, the company rebated to FXCM approximately $77 million of the revenue it achieved. However, FXCM did not disclose to customers, among other things, that this company – FXCM’s principal market maker – was a startup firm spun off from FXCM, the Order further finds.

False Statements to the NFA

The Order also finds that FXCM willfully made false statements to NFA in order to conceal FXCM’s role in the creation of its principal market maker as well as the fact that the market maker’s owner had been an FXCM employee and managing director. The Order finds that during a meeting between NFA compliance staff and FXCM executives, Niv omitted to mention to NFA the details of FXCM’s relationship with the market maker.

The Order holds Niv and Ahdout liable for FXCM’s fraud violations as “controlling persons” who were responsible, directly or indirectly, for FXCM’s violations. Niv is also held liable for FXCM’s false statements to NFA as a controlling person who was responsible directly or indirectly for those violations. FXCM Holdings is held liable for FXCM’s fraud and false statement violations as principal of FXCM, the Order also finds.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




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$AMM Secured A Contract With Two New Clients

American Cannabis Company, Inc. Announces It Has Secured A Contract With Two New Clients In The State Of Pennsylvania

American Cannabis Company, Inc. Announces It Has Secured A Contract With Two New Clients In The State Of Pennsylvania

Buz Investors Two New Clients  American Cannabis Company, Inc. (OTCQB: AMMJ) (the “Company”, “ACC”), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, today announced it has secured two new clients in the state of Pennsylvania, bringing the total number of Pennsylvania clients who have engaged the Company to five.



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Two New Clients

It should be noted that none of the Company’s Pennsylvania clients are in competition with each other, as they operate in distinct regions of the state.  Of the two new clients mentioned in this release, one client is applying for a retail dispensing license, and is retaining the Company to advise them in responding to state application materials, developing standard operating procedures for their proposed retail operations,  and, design services for their proposed dispensary location. The second new Pennsylvania client is applying for licensure in cannabis cultivation, cannabis product manufacturing, and retail dispensing. The Company will assist this client in various strategic planning initiatives, as well as with the completion of their state application. The Company expects to leverage these new contracts to secure additional revenues through long-term consulting agreements and potential sales of ancillary products.

Terry Buffalo, the Company’s Principal Executive Officer, commented: “We are very happy to welcome in these two new clients. Pennsylvania is stacking up to be a very competitive market, and we at ACC seek to provide our years of industry knowledge and expertise in effort to give our clients a competitive advantage. Our company is on the forefront of this industry, and we aim to continue in the rapid expansion of our brand.”

About American Cannabis Company, Inc.

American Cannabis Company, Inc. offers end-to-end solutions to existing and aspiring participants in the cannabis industry. We utilize our industry expertise to provide business planning and market assessment services, assist state licensing procurement, create business infrastructure and operational best practices. American Cannabis Company also developed and owns a portfolio of branded products including: The Satchel™, SoHum Living Soils™, The Cultivation Cube™ and The High Density Cultivation System™. We also design and provide other industry specific custom product solutions. The building and development of our brands and product suite is based on our Geoponics Philosophy, “the art and science of agriculture in soil.”

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Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule

Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule

Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule

Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule

The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay a $13 million penalty to settle charges that it overbilled investment advisory clients due to coding and other billing system errors.  The firm also violated the custody rule pertaining to annual surprise examinations.

The SEC’s order finds that Morgan Stanley overcharged more than 149,000 advisory clients because it failed to adopt and implement compliance policies and procedures reasonably designed to ensure that clients were billed accurately according to the terms of their advisory agreements.  Morgan Stanley also failed to validate billing rates contained in the firm’s billing system against client contracts, fee billing histories, and other documentation.

According to the SEC’s order, Morgan Stanley received more than $16 million in excess fees due to the billing errors that occurred from 2002 to 2016.  Morgan Stanley has reimbursed this full amount plus interest to affected clients.

“Investors must be able to trust that their investment advisers have put appropriate safeguards in place to ensure accurate billing.  The long-running deficiencies in those safeguards at Morgan Stanley resulted in 36 different types of billing errors that caused overcharges to customers,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office.

The SEC’s order further finds that Morgan Stanley failed to comply with the annual surprise custody examination requirements for two consecutive years when it did not provide its independent public accountant with an accurate or complete list of client funds and securities for examination.  Morgan Stanley also failed to maintain and preserve client contracts.

“The custody rule’s surprise examination requirement is designed to provide clients protection against assets being misappropriated or misused,” said Sanjay Wadhwa, Senior Associate Director of the SEC’s New York office.  “Morgan Stanley failed in consecutive years to do what was required of it to give investment advisory accounts that important protection.”

Without admitting or denying the findings that it violated various provisions of the Investment Advisers Act of 1940 and related rules, Morgan Stanley consented to the SEC’s cease-and-desist order and agreed to the $13 million penalty, a censure, and undertakings related to its fee billing and books and records practices.

The SEC’s investigation was conducted by Ranah Esmaili, Kenneth Gottlieb, Nicholas Pilgrim, and Celeste Chase of the New York office, and the case was supervised by Sanjay Wadhwa.  The examination that led to the investigation was conducted by Heather Palmer, Jennifer Klein, and Anthony Fiduccia.

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ARK Cryptocurrency Platform Unveils New Testnet along with Mobile and Desktop Clients

ARK Cryptocurrency Platform Unveils New Testnet along with Mobile and Desktop Clients

ARK Cryptocurrency Platform Unveils New Testnet along with Mobile and Desktop Clients

In an industry’s first, ARK cryptocurrency platform has announced the launch of its public testnet along with mobile and desktop clients.

ARK Cryptocurrency Platform Unveils New Testnet along with Mobile and Desktop Clients

ARK Cryptocurrency Platform – ARK Crew, the team behind ARK blockchain ecosystem has unveiled the first publicly available test network. The platform currently in its final stages of ICO — ARK Token Exchange Campaign (TEC) has been setting an example in the cryptocurrency industry.

Earlier, ARK made its source code public on GitHub while the platform is still under development. The testnet’s alpha version is accompanied by the launch of custom, open source mobile and desktop clients. Few other improvements include updates to the core voting mechanism and network technology behind DPOS algorithm.

Being a completely open source platform, ARK Crew has made the newly launched desktop and mobile wallet platforms available on its official GitHub account along with ARK Core technology. Users can freely download and test all the three clients during the initial test phase and provide feedback before the full launch in February 2017.

Unlike Ethereum, Lisk, and other cryptocurrency platforms, ARK has developed several unique features like SmartBridge — a new technology that enables seamless integration of cross-blockchain operations. The SmartBridge feature will also allow more sophisticated communications compared to previous proposals like two-way pegs in Bitcoin-based side chains.

The public testnet will be officially released on December 9, 2016, at 1900 UTC. Soon after the release, it will be available on ARK’s GitHub account for community members to download and set up their first network nodes. Those registering will effectively become active delegates of ARK network. The tutorials, to be launched along with the testnet, combined with ARK Crew’s availability on official Slack channel and ARK Forums will provide the much-needed guidance to the community.

The ARK TEC will be ending on December 11, 2016. Investors interested in being part of the ARK ecosystem can participate the ICO with Bitcoin, Lisk or any other cryptocurrency supported by Shapeshift platform.

About ARK Ecosystem

ARK is a new cryptocurrency ecosystem focused on consumer adoption through a series of innovative core technology advancements, practical applications for everyday use, and strategic partnerships with industry leaders. By utilizing the ARK SmartBridge, ARK will be able to link together existing blockchain technologies into the ARK Ecosystem and build a robust platform that will bring a new level of user interaction.

About ARK Crew

The ARK Crew is a community driven development team of 30+ individuals located in 15 separate countries, dedicated to the success of the ARK Ecosystem and the next generation of integrated cryptocurrency and blockchain solutions. With diverse backgrounds, including engineering, medicine, education, front-end, and back-end development, the ARK Crew has a robust team of diverse experts unlike any other in the space.

Learn more about ARK Ecosystem at – http://ark.io/

Bitcoin IRA Introduces Gold Rebate Promotion for New Clients

Bitcoin IRA Introduces Gold Rebate Promotion for New Clients

Bitcoin IRA Introduces Gold Rebate Promotion for New Clients

  • Bitcoin IRA Introduces Gold Rebate  Bitcoin IRA, the first and only bitcoin-based retirement investment company, today announced the introduction of a gold rebate for new clients. While supplies last, investors who open an account with Bitcoin IRA will automatically qualify for a rebate in the form of gold eagle coins. The rebate is available to all new customers, giving them an extra incentive to save for retirement with an innovative, fast-growing alternative investment.
  • Depending on the size of the account they open, new investors are eligible to earn up to a full ounce of gold:● $15,000 bitcoin investment = 1/10 oz. gold eagle coins● $35,000 bitcoin investment = 1/4 oz. gold eagle coins● $70,000 bitcoin investment = 1/2 oz. gold eagle coins● $100,000+ bitcoin investment = 1 oz. gold eagle coins
  • Since Bitcoin IRA officially launched in May, the value of bitcoin has risen almost 40%, climbing from $452 per bitcoin to $637 as of October 20th. This is expected to grow significantly over the long term as a result of bitcoins’ limited supply and increased usage, making a bitcoin IRA potentially much more profitable than conventional IRAs.Bitcoin Price at Launch: $452.75 Current Bitcoin Price: $636.97              Gain Since  Inception: $184.22              Percentage Returns: 40.68% Bitcoin versus the S&P

Bitcoin IRA Introduces Gold Rebate  Groundbreaking retirement investment company introduces new gold rebate as investors see gains of over 40%.

Bitcoin IRA Introduces Gold Rebate Promotion for New Clients

Bitcoin IRA offers both traditional and Roth IRA options, which offer the same tax incentives as regular IRAs and 401(k)s. Uniquely, the retirement portfolios are made up of actual bitcoins, which are stored in a secure, private digital wallet. In addition, investors keep total control over their bitcoin deposits, with no holding fees and the ability to withdraw once the term is over.

In addition to the gold rebate, Bitcoin IRA offers a similar rebate for silver, giving customers the option to receive a 1% rebate in real silver in exchange for opening a new account. For more information, interested investors can call 1 (877) 936-7175 or request a Free Bitcoin IRA Investment Guide.

About Bitcoin IRA  Bitcoin IRA Introduces Gold Rebate

Bitcoin IRA is the only bitcoin-based retirement investment portfolio that allows people to invest with actual bitcoins for their IRA or 401(k). The platform works with leading fintech professionals to provide secure, high-quality bitcoin investments.

Learn more about Bitcoin IRA at: https://bitcoinira.com

Get your free Bitcoin IRA Investment Guide at: https://bitcoinira.com/bitcoin-investor-guide/

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

  • Buz Traders Deutsche Bank Hedge Fund Clients Deutsche Bank concerns just went to ’11’ as Bloomberg reports a number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn some excess cash and positions held at the lender,
  • a sign of counterparties’ mounting concerns about doing business with Europe’s largest investment bank. While the vast majority of Deutsche Bank’s more than 200 derivatives-clearing clients have made no changes,
  • some funds that use the bank’s prime brokerage service have moved part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News. Millennium Partners, Capula

Deutsche Bank Hedge Fund Client stock in NY is sliding.

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

The funds, a small subset of the more than 800 clients in the bank’s hedge fund business, have moved part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News. Among them are Izzy Englander’s $34 billion Millennium Partners, Chris Rokos’s $4 billion Rokos Capital Management, and the $14 billion Capula Investment Management, said a person familiar with the situation who declined to be identified talking about confidential client matters.

Deutsche Bank’s New York-listed shares fell 6.7 percent to a record low of $11.48 on Thursday.
FXCC Forex Trading

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Deutsche Bank Hedge Fund Clients

“In any given week, we experience ebbs and inflows,” said Barry Bausano, the bank’s chairman of hedge funds. “And this week is no different; it goes on all the time.” He declined to comment on net flows.

The amount sought by the U.S. is not far from the Frankfurt-based company’s current market value of 15 billion euros ($16.8 billion). Credit-default swaps protecting Deutsche Bank bonds surged to a six-month high earlier this week, according to data compiled by CMA, while the stock hit a record intraday low of 10.18 euros.

The financial pressure on the lender is spilling over into German politics, stirring speculation Chancellor Angela Merkel’s government might be forced to offer support. Chief Executive Officer John Cryan told Bild newspaper this week that government aid was “out of the question.” Any taxpayer-funded solution for the bank’s troubles would be Merkel’s downfall, according to the leader of Germany’s biggest opposition party.

Interactive Brokers restricts US leveraged forex trading to big clients only

Interactive Brokers restricts US leveraged forex trading to big clients only

Interactive Brokers restricts US leveraged forex trading to big clients only

Interactive Brokers is one of five forex brokers operating in the US market. It is the one with the lowest retail forex client deposits of $31.8 million in June

Interactive Brokers restricts US leveraged forex trading to big clients only

US automated forex brokerage house Interactive Brokers will discontinue offering leveraged forex trading services to US retail clients with less than $10 million in deposited assets, according to a notice the broker has sent to clients, as cited by forex media ForexLive. Starting 1 September, 2016, clients of the broker will only be able to use leverage if they have an account with assets of more than $10 million, or in case they use hedging they will be required to have minimum assets of $5 million. After 1 September, the open positions of clients that do not classify for the above-said conditions will be transferred to a close-only

Effective September 1 2016, Interactive Brokers will require that only accounts held by “Eligible Contract Participants” may open leveraged forex positions.

An “Eligible Contract Participant” generally is an individual or organization with assets of over $10 MM (or $5 MM if trades are hedging). See KB2731 for the definition of an Eligible Contract Participant.

If you are or may be an “Eligible Contract Participant”, please review KB2732 for instructions on how to complete a required questionnaire to continue trading leveraged forex.

If you do not qualify as an “Eligible Contract Participant”, after September 1, 2016 you will be able to close your existing leveraged forex positions but you will not be able to do any additional leveraged forex trades.

NOTE: This Notice does not apply to currency trades that are un-leveraged “conversions” of one currency to another. This Notice also does not apply to margin trades for stocks denominated in foreign currency. Those trades are not affected by this Notice.

Interactive Brokers Client Services”

 

… (full story)