ALPS to Assist Fast-Growing Bluerock Fund Bluerock Capital Markets, the managing broker-dealer for Bluerock Real Estate, will be using fund administrator ALPS Advisors, Inc. to service Bluerock’s Total Income + Real Estate Fund (TI+), regarded as a fast-growing interval fund, with approximately $1.2 billion assets under management, officials say. The Bluerock TI+ fund “offers individual… Read More >>
JPMorgan Explores New Blockchain for Debt Issuance
JPMorgan Tests Involve National Bank of Canada JPMorgan tested “a new blockchain platform” for debt issuance with the National Bank of Canada and other large financial services firms, officials announced on April 20. JPMorgan is “is seeking to streamline origination, settlement, interest rate payments and other processes,” according to an official statement. For the test,… Read More >>
NFA Bars Fortune Trading Group & Fines Ironbeam $100K
The National Futures Association has permanently barred Chicago, Ill. guaranteed introducing broker (GIB) Fortune Trading Group, Inc. (FTG) from membership and from acting as a principal of an NFA Member. The NFA also ordered Chicago, Ill. futures commission merchant (FCM) Ironbeam, Inc., FTG’s guarantor, to pay a $100,000 fine. In addition, the NFA barred Jonathan… Read More >>
Liquid Holdings Faces Nasdaq Delisting
Cloud-based investment management solutions vendor Liquid Holdings Group, Inc. (Nasdaq: LIQD) is facing a delisting from the Nasdaq Stock Market because it allegedly fails to consistently file reports with the SEC, say Liquid officials. The company has gotten a reprieve by requesting a hearing before Nasdaq to challenge its delisting but that only lasts until… Read More >>
GFI Launches Platform for ‘Odd Lot’ Corporate Bonds
Interdealer broker GFI Group reports that it has launched a dealer-to-dealer electronic trading platform for so-called odd lot corporate bonds in the U.S., officials say. An “odd lot,” whether of a stock or a bond, is generally defined as a smaller trade such as those that are fewer than 100 shares of a stock. “Odd… Read More >>
