Brokerage

Judge Denies Dismissal Requests in Real Estate Commission Lawsuit Involving Major Brokerage Firms

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KANSAS CITY, Mo. — In the ongoing disputes over real estate commissions, Hanna Holdings, the parent company of Howard Hanna Real Estate Services, has experienced mixed results in court. After successfully detaching itself from legal liability in a similar Pennsylvania case, it faced an uphill battle in Missouri where a judge ruled against dismissing the Gibson commission lawsuit involving several major real estate firms. The legal drama unfolded under the gavel of Judge Stephen R. Bough, who has presided over related litigation, including the notable Sitzer/Burnett case. Bough denied motions for dismissal from Howard Hanna … Read more

South Korean Securities Firms’ Domestic Brokerage of US-Listed Bitcoin ETFs May Violate Regulatory Acts

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Seoul, South Korea’s financial regulator has raised concerns about domestic brokerage of a U.S.-listed bitcoin spot exchange-traded fund (ETF) by Korean securities firms. The Financial Supervisory Service (FSS) stated that such activity may potentially conflict with the country’s Virtual Asset User Protection Act and the Capital Markets Act. However, the FSS did not provide further details on these potential conflicts. In South Korea, recent discussions around cryptocurrency regulations have been taking place. Authorities have revealed plans to create regulations that would require public disclosure of officials’ cryptocurrency holdings. This move aims to promote transparency and … Read more