Latest Banking/Financial Services News

Washington, D.C.--(Newsfile Corp. - July 16, 2019) - The Securities and Exchange Commission today charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that were sponsored and ...
Banking/Financial Services
2019-07-16 3:41 PM ET | Newsfile SEC Press Digest

Toronto, Ontario--(Newsfile Corp. - July 16, 2019) - Eric Sprott announces that on July 15, 2019, 2,272,728 common share purchase warrants ("Warrants") of Argentum Silver Corp. (held by Sprott Mining Inc., a corporation he beneficially owns) were exercised (at $0.11 per common share for total consideration of $250,000.08) and, together ...
Banking/Financial Services
2019-07-16 9:43 AM ET | Eric Sprott

Washington, D.C.--(Newsfile Corp. - July 15, 2019) - The Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) have issued a summary that explains the application of the federal and state securities laws to opportunity zone investments. The "opportunity zone" program was established by the Tax Cuts and ...
Banking/Financial Services
2019-07-15 4:56 PM ET | Newsfile SEC Press Digest

Calgary, Alberta--(Newsfile Corp. - July 15, 2019) - Quantum Blockchain Technologies Ltd. (TSXV: QBC.P) ("Quantum") is pleased to announce that it has signed a letter of intent dated July 9, 2019 (the "LOI") with Ordotek Incorporated ("Ordotek"), a corporation incorporated under the Business Corporations Act (Ontario). The LOI ...
Banking/Financial Services, Blockchain
2019-07-15 3:33 PM ET | Quantum Blockchain Technologies Ltd.

Washington, D.C.--(Newsfile Corp. - July 15, 2019) - The Securities and Exchange Commission today instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities.   The SEC orders find that Nomura ...
Banking/Financial Services
2019-07-15 10:57 AM ET | Newsfile SEC Press Digest

Calgary, Alberta--(Newsfile Corp. - July 12, 2019) - CapGain Properties Inc. ("CapGain" or the "Company") has filed its audited annual financial statements for the years ended December 31, 2017 and 2018 and its unaudited condensed interim financial statements for the three months ended March 31, 2019. The related management ...
Banking/Financial Services
2019-07-12 10:17 PM ET | CapGain Properties Inc.

Washington, D.C.--(Newsfile Corp. - July 12, 2019) - The Securities and Exchange Commission today charged an Arizona-based attorney and a Missouri-based agent of microcap shell companies with securities fraud and registration violations.According to the SEC's complaint, from February 2015 to April 2017, attorney William Scott Lawler engaged in schemes to ...
Banking/Financial Services
2019-07-12 5:50 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - July 12, 2019) - The Securities and Exchange Commission today announced that SEC staff have published a statement that encourages market participants to proactively manage their transition away from LIBOR and outlines several potential areas that may warrant increased attention during that time. It is expected that ...
Banking/Financial Services
2019-07-12 5:48 PM ET | Newsfile SEC Press Digest

Toronto, Ontario--(Newsfile Corp. - July 12, 2019) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") announces that it has implemented a deferred compensation plan (the "Plan") intended to preserve cash while Mint is subject to the participation agreement described in the Company's news release of June 5, 2019.The ...
Banking/Financial Services
2019-07-12 4:58 PM ET | The Mint Corporation

Washington, D.C.--(Newsfile Corp. - July 12, 2019) - The Securities and Exchange Commission is closely monitoring the impact of Tropical Storm Barry on investors and capital markets. “If you are in the path of Tropical Storm Barry, please listen carefully to directions from local officials before, during, and after the storm. ...
Banking/Financial Services
2019-07-12 3:58 PM ET | Newsfile SEC Press Digest

Toronto, Ontario--(Newsfile Corp. - July 12, 2019) - Nurcapital Ltd. (TSXV: NCL.H) (the "Company" or "Nurcapital"), a capital pool company, is pleased to announce it has entered into an option agreement dated as of July 5th, 2019 (the "Option Agreement") with Globex Mining Enterprises Inc. ("Globex") to complete an arm's ...
Banking/Financial Services
2019-07-12 3:01 PM ET | Nurcapital Corporation Ltd.

Toronto, Ontario--(Newsfile Corp. - July 11, 2019) - Forbes Andersen LLP ( "Forbes") has filed an early warning report (the "Early Warning Report") advising of its decrease in percentage holdings of subordinate voting shares (the "SV Shares") of Bhang Inc. (the "Company").On July 9, 2019, the Company completed a reverse ...
Banking/Financial Services
2019-07-11 12:52 PM ET | Forbes Andersen LLP

Toronto, Ontario--(Newsfile Corp. - July 11, 2019) - WeirFoulds LLP ("WF") has filed an early warning report (the "Early Warning Report") advising of its decrease in percentage holdings of subordinate voting shares (the "SV Shares") of Bhang Inc. (the "Company").On July 9, 2019, the Company completed a reverse takeover transaction ...
Banking/Financial Services
2019-07-11 12:49 PM ET | WeirFoulds LLP

Washington, D.C.--(Newsfile Corp. - July 11, 2019) - The Securities and Exchange Commission’s Investor Advisory Committee will hold a meeting on July 25. The meeting will begin at 9 a.m. in the Multipurpose Room at SEC headquarters at 100 F Street, N.E., Washington, D.C. and is open to the public. The meeting ...
Banking/Financial Services
2019-07-11 10:40 AM ET | Newsfile SEC Press Digest

Toronto, Ontario--(Newsfile Corp. - July 11, 2019) - Gunpowder Capital Corp., (CSE: GPC)  (CSE: GPC.PR.A) (OTCQB: GNPWF), (FSE: YS6N), ("Gunpowder" or the "Corporation") announced today that the Cryptocurrency Mining operations of MethodeVerte Inc., ("MethodeVerte") the Corporation's fully owned Cryptocurrency Mining subsidiary have entered into a facility agreement that will allow ...
Banking/Financial Services, Investment Banking
2019-07-11 8:15 AM ET | Gunpowder Capital Corp.

Washington, D.C.--(Newsfile Corp. - July 10, 2019) - The Securities and Exchange Commission today filed insider trading charges against an accountant and her friend, whom she illegally tipped with confidential information in advance of her company’s quarterly performance announcements in exchange for all-expense paid travel and other expensive gifts.  The ...
Banking/Financial Services
2019-07-10 4:30 PM ET | Newsfile SEC Press Digest

Toronto, Ontario--(Newsfile Corp. - July 10, 2019) - Gravitas Financial Inc. (CSE: GFI) ("Gravitas") is pleased to announce the appointment of Brent Houlden as a member of its board of directors.Mr. Houlden is a former, senior Deloitte consulting/financial advisory partner who is currently applying his financial expertise and negotiation skills ...
Banking/Financial Services
2019-07-10 8:19 AM ET | Gravitas Financial Inc.

Toronto, Ontario--(Newsfile Corp. - July 10, 2019) - PlantEXT Ltd. ("PlantEXT" or the "Company") and BB1 Acquisition Corp. (TSXV: BBA.P) ("BB1") are pleased to announce that PlantEXT, a leader in the development and commercialization of pharmaceutical cannabis formulations for the treatment of inflammation related medical conditions, has entered into an ...
Banking/Financial Services
2019-07-10 12:01 AM ET | BB1 Acquisition Corp.

Washington, D.C.--(Newsfile Corp. - July 9, 2019) - Five federal financial regulatory agencies announced on Tuesday that they adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.The Volcker Rule generally restricts banking entities from engaging in ...
Banking/Financial Services
2019-07-09 6:24 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - July 9, 2019) - The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) (together, the Commissions) have approved a joint proposal to align the minimum margin required on security futures with other similar financial products. The proposal would set the minimum margin requirement ...
Banking/Financial Services
2019-07-09 6:23 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - July 9, 2019) - The Securities and Exchange Commission today announced the August 13 meeting of its Small Business Capital Formation Advisory Committee. The meeting will begin at 9:30 a.m. CT, 10:30 a.m. ET, at Creighton University in Omaha, Nebraska, and is open to the public ...
Banking/Financial Services
2019-07-09 2:00 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - July 9, 2019) - The Securities and Exchange Commission announced today that Julie A. Erhardt, Deputy Chief Accountant (Technology and Innovation) in the Office of the Chief Accountant (OCA), plans to leave the agency in July after more than 14 years of noteworthy service.  Ms. Erhardt ...
Banking/Financial Services
2019-07-09 1:56 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - July 9, 2019) - Allison Herren Lee was sworn into office on July 8 as an SEC Commissioner.Ms. Lee was nominated to the SEC by President Donald J. Trump and unanimously confirmed by the U.S. Senate.“Allison’s expertise in securities law, including from her prior tenure at the Commission, ...
Banking/Financial Services
2019-07-09 11:48 AM ET | Newsfile SEC Press Digest

Seattle, Washington--(Newsfile Corp. - July 8, 2019) - Investor Charles Frischer, on behalf of a group of concerned shareholders (the "Aimia Shareholders for Accountability") of Aimia Inc. ("Aimia" or the "Corporation"), announced today that they are urging Aimia's Board of Directors (the "Board") to immediately call a new meeting of ...
Banking/Financial Services
2019-07-08 2:13 PM ET | Aimia Shareholders for Accountability

Vancouver, British Columbia--(Newsfile Corp. - July 8, 2019) - MLI Marble Lending Inc. (CSE: MRBL) ("Marble" or the "Company") is pleased to announce the addition of Daniel McClure, to Marble's management team. Mr. McClure, will spearhead the company's corporate development and provide key insight into the future ...
Banking/Financial Services, Internet Technology
2019-07-08 10:11 AM ET | MLI Marble Lending Inc.