Identity verification startup Berbix nets $9m for its Series A round
Digital identity startup Berbix has closed its Series A round on $9m, which will help it to increase its team size and bolster customer growth.
SEC updates reporting rules for public companies
The Securities and Exchange Commission (SEC) has voted to update the description of business, legal proceedings and risk factor disclosures that registrants are required to make pursuant to Regulation S-K.
SEC sues investment advisers for allegedly misrepresenting its services
The Securities and Exchange Commission has filed an emergency action against Florida-based investment adviser Coral Gables Asset Management because of an alleged fraudulent offering.
SEC opens up private capital market for more people
The US Securities and Exchange Commission (SEC) has voted to amend its definition of accredited investors, meaning more people will soon be eligible to enter the private capital market.
The Financial Ombudsman sees complaints rise because of Covid-19
The Financial Ombudsman has received over 3,500 complaints related to Covid-19 so far this year.
How AI development could benefit from the pandemic
Business stability is the priority for most businesses at the moment and you might think investing into R&D could impact the development of tools like AI. However, this might not explicitly be the case and AI could benefit from the situation.
Russian charged for trying to recruit company employee to install malware
The US Department of Justice has charged a Russian citizen who travelled to the US to recruit a big company employee to install malware on the business' computers.
KKR taps newly closed tech fund to lead $300m investment into cybersecurity company ReliaQuest
Private equity giant KKR has led the $300m investment round of cybersecurity managed service ReliaQuest.
Scammers stole over £30m from UK pension savers and football fans are likely victims
Regulators warn that pension savers have lost over £30m to scammers as people know more about football than about their own lifetime savings.
Identity startup Socure collects $35m for its new investment round
Identity verification platform Socure has collected $35m for its latest equity round, which will enable it to improve its technology stack.
