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Fraud prevention startup NS8 implodes as SEC investigates them for…. fraud
It can’t get much more 2020 than this: Los Vegas based fraud prevention start-up, NS8, who just raised $123 million from the VC firm Lightspeed, just fired nearly everybody via an all hands Zoom meeting, and disclosed that they…
Thematic next-wave portfolio constructor Motif goes bust
Motif trading platform, which claimed to use data driven methodologies to enable the creation of thematic and “next-wave” portfolios (translation: they grep 10Q’s for keywords) has rather abruptly shut down. Their own advisors heard about it via Twitter. Yes, it did come with %FIRSTNANE%, who cares I guess… pic.twitter.com/3IuwpuBJQG — Hylland Capital (@HyllandCapital) April 18, 2020 They also had developed some “next generation thematic ETFs” like “human evolution reimagined” (SPTX), which were launched by Goldman…