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SEC’s Senior Advisor for Digital Assets Valerie Szczepanik: Stablecoins May Be Securities

“Senior advisor for digital assets at the United States Securities and Exchanges Commission (SEC) Valerie Szczepanik reportedly noted that stablecoins could experience issues under current securities laws” writes Adrian Zmudzinski for cointelegraph.com. When Szczepanik reportedly made the statement concerning securities at Austin’s SXSW conference on March 15, she also broke stablecoins into three categories.Szczepanik, also known as the Crypto Czar, was appointed to the new position of associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation for Division Director Bill Hinman in June…

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Crypto News Stocks 

Forget Bitcoin, cannabis is the place to go, says US wealth advisor

“Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy families” writes unknown author for cnbc.com. Canopy Growth stock has risen more than 65 percent year-to-date, while over the same period Cronos has risen more than 115 percent. Source: cnbc.com

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Brokers News 

Has your broker or advisor landed on FINRA’s ‘bad guy’ list?

“In other words, how well do you know your advisor or broker?” writes -andy Penry for cnbc.com. In December alone, brokerage firms agreed (without admitting or denying guilt) to an aggregate $2.4 million in fines — and more than half of that amount arose from inadequate supervision of brokers who caused investor harm, according to the latest rundown of enforcement actions by the Financial Industry Regulatory Authority. Commonly called FINRA, it’s the self-regulatory organization for roughly 630,000 brokers — some of whom also are registered with the Securities and Exchange…

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Here’s why the US is lagging behind China in the marketing of next generation wireless

“The United States is lagging behind China in promoting its 5G technologies across the world, with officials only just “waking up” to its potential, a former U.S. national security advisor told CNBC Sunday” writes Matt Clinch for cnbc.com. However, other countries, including Australia, New Zealand and Japan, have in recent months also excluded the company from supplying components for 5G networks. Source: cnbc.com

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Former Obama economic advisor: Here’s why Howard Schultz is wrong on debt

“One of them is Jason Furman, the former head of Obama’s economic council, who rebuked what he called Schultz’s “obsession” with America’s $21 trillion-plus debt” writes Johannes Eisele for cnbc.com. Both Furman and former Treasury Secretary Lawrence Summers insist that it’s time for Washington to end its “delusion” with debt reduction.In a Foreign Affairs essay, the economists argued that large deficits are a function of falling revenues, rather than surging entitlement spending. Source: cnbc.com

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Markets News 

Davinci Technology Launches Wave Robo Advisor WFX

“Davinci Technology has launched Wave Robo Advisor, otherwise known as WFX. According to a statement released this Monday, WFX allows for easier management of massive data from foreign exchange (forex) investments” writes Celeste Skinner for financemagnates.com. Furthermore, Davinci Technology has connected with the LMAX Exchange, Saxo Bank and other forex clearing institutions for trade clearing.In a recently-held forum by Davinci Technology Leo Chan, the creator of Bridgewater, believes that the bull market for forex will arrive in 2019.The technology automatically tracks the trade history of investors and the one-click operation…

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Trump’s outside China advisor says there will not be a breakthrough in trade talks soon

“President Donald Trump’s outside advisor on China said on Wednesday that he didn’t expect a breakthrough in trade talks in the “near term.”” writes Tucker Higgins for cnbc.com. One of them is that the Chinese prefer to make a last-minute deal, to get the best deal they can.So I am not among those who think there is going to be a breakthrough in the next few days.”. Pillsbury remained optimistic about the U.S. and China reaching a deal in the longer term. Source: cnbc.com

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Horizon Appoints Philippe Thomas as an Advisor

“Horizon Software, a provider of electronic and algorithmic trading solutions and technology, has hired Philippe Thomas as a member of its advisory board” writes Arnab Shome for financemagnates.com. Commenting on his new role, Thomas said: “I’m very much looking forward to playing a part in and helping drive the expansion of Horizon, one of the world’s leading trading technology providers.Currently, he is working as a business consultant, administrator, and investor at London-based New World Wind.There he served for more than six years at various leadership roles like managing director and…

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Markets News 

Worst Yet to Come for Housing Market, Says Advisor Who Called 2008 Crash

“He predicted the housing crash in 2005, just before prices reached their peak” reports etfdailynews.com. Almost a year later, the signs of coming distress in property markets — and the broader economy — are only increasing, said Stack.From Prashant Gopal : James Stack, who predicted the 2008 real estate crash and nailed last year’s housing slowdown with uncanny timing, is back with some bad news for 2019. “Housing could be heading for its worst year since the last housing crash,” Stack, 67, said in a phone interview. “Expect home sales to…

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Former Trump advisor says proposing a wall was the easiest way to get him to discuss immigration

“Sam Nunberg told the New York Times getting Trump to talk about building a wall was the easiest way to get him to discuss immigration on the campaign trail” writes Dan Defrancesco for businessinsider.com. A former political advisor to President Donald Trump said the idea of building a wall along US-Mexico border was created out of a need to get Trump to talk about immigration.”How do we get him to continue to talk about immigration?”.  Source: businessinsider.com

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