![]() ![]() Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. ![]() Cryptocurrency trading is offered through an account with Apex Crypto. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.Ĭryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Webull Pay LLC. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. ![]() An explanatory brochure is available upon request or at Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Webull Financial LLC is a member of the Financial Industry Regulatory Authority ( FINRA), Securities Investor Protection Corporation ( SIPC), The New York Stock Exchange ( NYSE), NASDAQ and Cboe EDGX Exchange, Inc ( CBOE EDGX). The theater chain recently rolled out its own $20 per month version on MoviePass, with varying perks.įarnsworth told THR that news of AMC’s subscription plan likely led to a 25% surge in MoviePass subscriptions, since most articles mentioned that MoviePass was cheaper.Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). In addition to potential fears from investors, MoviePass faces another obstacle, however: competition from AMC. “Now we’ll have a big war chest behind us.” “They’ve been predicting our demise for eight months and we’re still standing,” Farnsworth told the Hollywood Reporter. Additionally, Helios and Matheson in recent months launched two accompanying projects: MoviePass Films, a production house, and MoviePass Ventures, a film investment subsidiary. In October, the company’s stock was at $38.86.īut MoviePass has continued expand since it reduced its monthly subscription price to $10 and currently has more than 3 million subscribers. Helios and Matheson shares, meanwhile, fell nearly 29% to 22 cents a share during Monday afternoon trading. Filings earlier this year showed that MoviePass had a combined $43.4 million available between its own cash and what is on deposit with its merchant processors, while the company’s monthly expense at the end of April totaled $21.7 million. It remains to be seen whether investors will actually buy into this strategy as recent reports suggest MoviePass, which lets subscribers see unlimited movies for $10 a month, is burning through cash. The plan, revealed in a regulatory filing with the Securities and Exchange Commission, is to offer institutional investors debt and equity so that MoviePass can keep the lights on as well as continue to expand, Helios and Matheson CEO Ted Farnsworth told the Hollywood Reporter. ![]()
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