The global market was roiled over the weekend following Friday’s lackluster US jobs report and the biggest crash of Japanese equities in over a decade.
VC firm Canvas Ventures led the latest funding round. CEO Ritik Malhotra says the firm will use the money to expand Savvy’s software suite and strengthen its product and development team.
Morgan Stanley is the first wirehouse to let advisors actively solicit investments in spot bitcoin ETFs to certain clients, approving products from BlackRock and Fidelity.
The finding is part of a broader Cerulli report examining the opportunities and challenges surrounding the use of alternative investments in the retail channel.
The LPL suit is similar to a class action complaint filed last month claiming the firm violated its duties to clients by allegedly making huge profits from the interest rates on cash sweep accounts.