FinTech Global Markets Buys Broker Dealer Sutter Securities

FinTech Global Markets, Inc. (FTGM) had acquired SEC-regulated Sutter Securities in a move that will clear the path for it to offer new services through a registered broker-dealer arm.

The acquisition puts the company on a firmer regulatory footing with the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission and positions it to offer a broader range of products, including Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based securities. It also allows the platform to perform all operations in a regulatory compliant manner.

San Francisco-based Sutter Securities is a boutique investment-banking firm that offers corporate advisory services. The firm offers mergers and acquisitions, public and private financings, corporate restructurings, bankruptcy workouts, and security brokerage.

The move allows FTGM ‎to utilize the acquired firm’s capabilities to create a turn-key solution for an alternative trading system which facilitates transactions in securities that are not publicly-traded.

Many Fintech and blockchain firms have recently responded to US regulators’ classification of certain digital tokens as securities and therefore coming under the SEC’s supervision. Wall Street’s top watchdog says that ‎any entity that wants to become an ATS needs to register with the SEC as a broker-dealer and become a member of a self-regulating organization, such as the ‎FINRA.‎

Commenting on the news, Bob Muh, a Co-Founder of Sutter Securities, said: "I'm pleased to be working with the FTGM team as we move investment banking into the future," said. Mr. Bob will remain as a Sutter executive and also joins the FTGMs' Board of Directors.

Ron Reed, CEO of FTGM, added: "It is exciting to have the opportunity to work with Bob Muh and Gilbert Matthews, who boast over 40 years each of extensive investment banking experience. They and Sutter will accelerate our growth and expand the services we can provide for issuers and investors alike."