customer assets
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FTX Bahamas confused company and customer funds, with a total bank balance of 219.5 million US dollars
It is reported that the court documents submitted by the FTX Bahamas liquidator show that FTX Digital Markets Ltd, the branch of FTX Bahamas, seems to confuse the company’s funds with the customer’s funds, of which about US $137 million of the customer’s assets are only under limited control and governance and are not isolated. According to the document, of the total balance of US $219.5 million held by FTX Digital, US $21.5 million has been realized by the liquidator, and another US $54.5 million is waiting to be transferred…
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US SEC Issued Rules to Strengthen the Protection of Registered Investment Advisers
It is reported that the SEC of the United States published the “SEC Proposal to Strengthen the Protection Rules for Registered Investment Advisers” on its official website. The article said that the Securities and Exchange Commission of the United States proposed to amend the rules today to strengthen the protection of the customer assets managed by registered investment advisers. If approved, these changes will be made in accordance with Article 206 (4) – 2 of the Rules of Custody of the Committee for the Revision and Redesignation of the Investment…
