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Month: June 2020

Harris Poll and Yahoo Finance partner for ongoing polling of investors

June 30, 2020
Edna B. Shearer
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Brett Conti left his unfulfilling finance job and started a skateboard empire

June 28, 2020
Edna B. Shearer
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When Brett Conti started his internship at a finance firm, he knew almost immediately that this was not the career path he wanted. 

“I didn’t just want to be a robot,” Conti told In The Know. “I wanted to do something much bigger.”

A big part of his life up to that point had been skateboarding, but he did it for fun and had no intention of turning that hobby into a full-time job.

But when he was injured and had to take a break for six months, he turned to another creative passion of his: Clothing. Bored and feeling stuck in his college dorm, he started making pocket t-shirts and hats with his grandmother’s sewing machine.

Conti’s grandfather owned a textile company and Conti grew up learning about different fabrics and the fundamentals of creating clothes. Again, this was another interest of his that he never planned on turning

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German finance company Wirecard files for insolvency amid accounting scandal

June 26, 2020
Edna B. Shearer
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German financial technology company Wirecard is filing for insolvency after an accounting scandal that led to the arrest of its former chief executive earlier this week.

The payment systems provider said it would make the filing at a district court in Munich “due to impending insolvency and over-indebtedness”.

It added in a brief statement that it is evaluating whether insolvency applications also have to be filed for its subsidiaries.

Markus Braun resigned as CEO on Friday after the company said that auditors could not find accounts containing 1.9 billion euros (£1.69 billion).

On Monday, Wirecard said it had concluded that the money probably does not exist, and Braun turned himself in to prosecutors hours later.

Markus Braun is under investigation (Matthias Schrader/AP)
Markus Braun is under investigation (Matthias Schrader/AP)

Braun was arrested on suspicion of market manipulation and inflating financial numbers, and later freed on bail

Adding to the damage to Germany’s corporate reputation was the reaction

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Apex Clearing Hones In On Democratized Finance With Apex Extend Product

June 24, 2020
Edna B. Shearer
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Apex Clearing, a custody and clearing engine for the wealth management and trading space, formally announced the launch of Apex Extend, a modular technology that can be used to create customized wealth management experiences.

What Does It Mean?

Founded in 2012, Apex Clearing delivers real-time execution, stock loans, financing, trade and risk management, as well as stable clearing services.

Over the years Apex has honed in on financial technology; the addition of Apex Extend will allow fintech, RIA, broker-dealers, and non-financial organizations the ability to create, launch, and run investing or advisory platforms on a modern back- and middle-office infrastructure.

“The digital wealth space has been lacking a robust, full-stack turnkey technology offering until now,” said Bill Capuzzi, CEO of Apex Clearing. “We’re thrilled to address that unmet need with Apex Extend, which provides a variety of flexible, pre-built options that serve a wide range of business models,

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