Source: How our fintech startup became SEC-compliant
Summary
Obtaining RIA status in the US allows companies to offer personalized investment advice and comply with relevant laws. The process involves preparing multiple documents and expenses of approximately $50,000. The SEC conducts examinations to ensure compliance and provides a letter outlining its findings.
Fact
Source: Apple says its App Store prevented over $2 billion in fraudulent transactions last year
Summary
Apple prevented over $2 billion in fraudulent transactions and rejected nearly 1.7 million app submissions on the App Store in 2021 for non-compliance with privacy and security standards. The tech giant claims to perform several safety checks, such as rejecting 400,000 app submissions for privacy violations and blocking 3.9 million stolen credit cards.
Fact
💳 Apple blocked almost 3.9 million stolen credit cards from fraudulent purchases and banned 714,000 accounts from transacting again.
Source: Tesla shareholders elect former CTO, co-founder JB Straubel to board
Summary
JB Straubel has been elected as the new board member at Tesla. A former co-founder and CTO of the EV maker, Straubel was responsible for many of the company’s technological achievements during his tenure. He left Tesla in 2019 to found Redwood Materials, which he currently runs.
Fact