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FCA Bans Two Advisers Accused Of Misleading Clients
by Gunnar Larson 28 May '24

28 May '24

FCA Bans Two Advisers Accused Of Misleading Clients <https://www.law360.co.uk/financial-services-uk/articles/1840846?nl_pk=a94fc…> By Josh White The Financial Conduct Authority has banned two advisers from working in financial services for "recklessly" exposing pension holders to high-risk investments, the regulator said Friday. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1840846?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1840846?nl_pk=a94fc…>

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Woman Imprisoned For Laundering From $5B Bitcoin Fraud
by Gunnar Larson 28 May '24

28 May '24

Woman Imprisoned For Laundering From $5B Bitcoin Fraud <https://www.law360.co.uk/financial-services-uk/articles/1840845?nl_pk=a94fc…> By Ronan Barnard A British-Chinese woman was imprisoned for more than six years on Friday at a London court for laundering bitcoin converted from an alleged £5 billion ($6.3 billion) investment fraud. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1840845?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1840845?nl_pk=a94fc…>

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Labour Gov't Could Force Big Tech Into Fraud Repayments
by Gunnar Larson 28 May '24

28 May '24

Labour Gov't Could Force Big Tech Into Fraud Repayments <https://www.law360.co.uk/financial-services-uk/articles/1840910?nl_pk=a94fc…> By Alex Davidson A potential new Labour government means a turning point in tackling financial fraud if it should force big tech companies like Meta and Google to join banks in having to reimburse customers duped into sending fraudsters money, according to lawyers. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1840910?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1840910?nl_pk=a94fc…>

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Hong Kong and Singapore Litigation Investment Forecast
by Gunnar Larson 27 May '24

27 May '24

Check out a recent article Litigationfinancejournal.com article of mine: Hong Kong and Singapore Litigation Investment Forecast <https://litigationfinancejournal.com/hong-kong-and-singapore-litigation-inv…> International arbitration has experienced an uptick in activity over the past decade, with litigation finance driving increased accessibility to quality arbitration outcomes. Hong Kong and Singapore have both passed regulations to authorize third party funding in each jurisdiction. New research sponsored <https://drive.google.com/file/d/1eqM4r9MPm7JDSBEo8QlHcG8uKDTrW13t/view?usp=…> by the Chinese University of Hong Kong, led by faculty of law professor Can Eken profiles Hong Kong and Singapore’s regulatory environment in granular detail. Eken compares and contrasts nuances between both markets, while asking what innovations Hong Kong and Singapore may embrace to further expand third party funding engagement across the international arbitration spectrum. Governments in Hong Kong and Singapore overwhelmingly embrace a ‘soft touch’ approach to litigation finance regulation. Forecasting the region’s growth prospects signal both Hong Kong and Singapore are in competition to be Asia’s arbitration capital, supported by friendly third party funding regulation. Eken suggests that with the high cost associated with international arbitration, viability is often framed by financial capacity. With such need, Hong Kong and Singapore are recognized as having pioneered international arbitration regulation, legalizing the use of third party funding agreements. As an added bonus, we have included 36 highlights <https://drive.google.com/file/d/1eqM4r9MPm7JDSBEo8QlHcG8uKDTrW13t/view?usp=…> to Eken’s 23 page essay for your general reference. -- *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107 New York, New York 10001

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Stubhub, Attys Beat Sanctions Bid For Lost Hyperlinked Docs
by Gunnar Larson 27 May '24

27 May '24

Stubhub, Attys Beat Sanctions Bid For Lost Hyperlinked Docs <https://www.law360.com/legalethics/articles/1840299?nl_pk=153d4a8a-6fb9-4a5…> By Bonnie Eslinger A California federal magistrate judge on Monday rejected a request for sanctions against StubHub and its counsel over problems finding hyperlinked documents in a case brought by consumers seeking refunds for events that were canceled or rescheduled due to COVID-19, saying the court's order requiring their production was "in most cases impossible to comply with." Order attached | Read full article » <https://www.law360.com/legalethics/articles/1840299?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/1840299?nl_pk=153d4a8a-6fb9-4a5…>

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Pa. Justices OK Teacher 'Character' Test For Suspended Atty
by Gunnar Larson 27 May '24

27 May '24

Pa. Justices OK Teacher 'Character' Test For Suspended Atty <https://www.law360.com/legalethics/articles/1829570?nl_pk=153d4a8a-6fb9-4a5…> By Matthew Santoni The Supreme Court of Pennsylvania on Thursday upheld a lower court's ruling that an ex-attorney's disciplinary records can be used by the state Department of Education when evaluating whether that attorney has the "good moral character" to get a teaching license. Order attached | Read full article » <https://www.law360.com/legalethics/articles/1829570?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/1829570?nl_pk=153d4a8a-6fb9-4a5…>

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Bill Gross Expects Trump Win to Disrupt Bond Markets, FT Says
by Gunnar Larson 27 May '24

27 May '24

Bill Gross Expects Trump Win to Disrupt Bond Markets, FT Says https://www.bloomberg.com/news/articles/2024-05-26/bill-gross-expects-trump… Bill Gross said that a Donald Trump victory in the US presidential election would be more disruptive for bond markets than a Joe Biden win, according to the Financial Times.

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TikTok Video Playing on Finance Bro Stereotype Becomes a Viral Hit
by Gunnar Larson 27 May '24

27 May '24

TikTok Video Playing on Finance Bro Stereotype Becomes a Viral Hit https://www.bloomberg.com/news/articles/2024-05-24/is-looking-for-a-man-in-… A 19-second TikTok video poking fun at old stereotypes is finding some new popularity online.

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Dozens Killed as Israel Strikes Tent City in Rafah Assault
by Gunnar Larson 27 May '24

27 May '24

Dozens Killed as Israel Strikes Tent City in Rafah Assault https://www.bloomberg.com/news/articles/2024-05-26/dozens-killed-as-israel-… At least 35 Palestinians were killed in an Israeli airstrike at a camp for displaced people in the southern city of Rafah late Sunday, the Hamas-run ministry of health said.

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Re: Bank.org Concern of BitLicense Marketplace Manipulation
by Gunnar Larson 27 May '24

27 May '24

While xNY.io - Bank.org was blowing the wistle, what was happening, FBI? Literally, most of this could have been avoided. When it comes to honesty the Brody of Wall Street reminds you that the truth is so important. PYUSD did not just fall from the sky. And if it takes a new Superintendent, it takes a new Superintendent then. We were not blowing the wistle for the award, FBI. We were blowing the wistle for the protections and since July 25, 2021 you know how we have been treating. Water under the bridge. xNY.io - Bank.org is doing better than ever. However, the FBI cannot accuse us of using Donald Trump RICO arguments against New York State. That would be silly. In other news, on its own who thinks xNY.io is going to be tricked by X.com and Xoom.com? ----- July 25, 2021 BY ELECTRONIC MAIL United States Securities and Exchange Commission (SEC) 14420 Albemarle Point Place Suite 102 Chantilly, VA 20151-1750 ATTN: SEC TCR SUBMISSIONS Re: Bank.org Concern of BitLicense Marketplace Manipulation Dear Sir or Madam: Virtual currency fraud is a serious problem for such a developed country as the United States, whose bank regulators have drawn attention to the increase of these crimes. Having discovered that an unregulated virtual currency sphere (such as in Africa, or other developing markets) is very popular among virtual currency fraudsters, the New York State Department of Financial Services (NY-DFS) concluded that this kind of regulatory fraud was threatening U.S. national security. Bank.org’s NY-DFS Shelf Charter application journey has prompted us to contact the SEC with concern of common Directors at Facebook and PayPal (incl. Xoom) who have potentially manipulated the New York State Common Retirement Fund and New York State Teachers Retirement Fund through BitLicense marketplace manipulation tactics and computer crimes. Bank.org's key definition of virtual currency computer crimes is a consistent message across markets. These crimes are relatively new, having been in existence for only as long as Bitcoin has—which explains how unprepared society and the world, in general, is towards combating these crimes. We see this as no fault of NY-DFS and the original BitLicense mandate. Facebook and PayPal along with Goldman Sachs and Wells Fargo have leveraged BitLicensee connections to profit daily from virtual currency market manipulation structures with cross-border reach. PayPal's “Conditional BitLicense” may now be employed as a marketplace manipulation instrument. Meanwhile, common Directors at Facebook, PayPal (incl. Xoom) and Diem seemingly have collaborated in orchestrating a virtual currency marketplace manipulation exercise. The New York State Common Retirement Fund and New York State Teachers Retirement Fund are significant investors in Facebook, PayPal, Goldman Sachs and Wells Fargo. >From their California headquarters, Directors at PayPal (incl. Xoom) have potentially leveraged a Conditional BitLicense award in collaboration with common Directors at Facebook to engage in marketplace manipulation techniques. The Diem Association further shares common PayPal and Facebook Directors in a potential chain of virtual currency computer software and market manipulation architectures. Bank.org must take the necessary steps to guard against fraud and to be extra vigilant about manipulation. We seek SEC guidance on the aforementioned concerns as we organize a reputable Board of Directors for NY-DFS approval. Respectfully yours with appreciation, Gunnar Larson - xNY.io | Bank.org MSc - Digital Currency MBA - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107

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