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MASSACHUSETTS MUTUAL LIFE INSURANCE CO

MassMutual to invest in Black-owned businesses, tech startups

EQUITY MassMutual launches $50 million investment fund Massachusetts Mutual Life Insurance Co. is launching a new $50 million investment fund to support Black-owned businesses across the state and tech startups outside of the metro Boston area.

bostonglobe.com ,  1d 0
MassMutual to invest in Black-owned businesses, tech startups

The king of r/WallStreetBets has been slapped with a class action lawsuit

The man credited with architecting the recent GameStop short squeeze and stock trading frenzy has been hit with a class action lawsuit.

techtelegraph.co.uk ,  8d 0
The king of r/WallStreetBets has been slapped with a class action lawsuit

GameStop bull 'Roaring Kitty,' MassMutual hit with securities lawsuit

Feb 17 (Reuters) - The social media persona “Roaring Kitty” at the center of last month’s frenzied rally in shares of GameStop Corp violated securities laws and caused “huge losses” for investors, according to a class action lawsuit filed in federal court in Massachusetts. Keith Gill, or Roaring Kitty on YouTube and DeepF***ingValue on Reddit forums, allegedly hid his sophisticated financial training and duped retail traders into buying inflated stocks, according to the complaint filed on Tuesday.

reuters.com ,  9d 0
GameStop bull 'Roaring Kitty,' MassMutual hit with securities lawsuit

Leader of GameStop crusade 'Roaring Kitty' could have broken federal rules by posting trading videos as a registered broker, sparking regulatory inquiry of former employer MassMutual Insurance

The YouTuber known as Roaring Kitty, who became the face of the GameStop stock frenzy who also worked until last week as a broker could be in legal trouble for potential violations of federal rules governing brokers' communications with the public. Keith Gill, 34, placed a huge bet on GameStop shares more than a year ago and shared his ideas about the stock online in the months leading up to the 'meme stock' bubble. But his commentary may create a problem for Massachusetts Mutual Life Insurance Co., which employed

dailymail.co.uk ,  21d 0
Leader of GameStop crusade 'Roaring Kitty' could have broken federal rules by posting trading videos as a registered broker, sparking regulatory inquiry of former employer MassMutual Insurance

Keith Gill didn't list his side-gig on his FINRA registration

by Sarah Butcher 9 minutes ago Keith Gill, AKA DeepF*ckingValue, AKA Roaring Kitty, AKA The Legend behind the Gamestop trade, hasn't posted anything on Reddit today. This might be because he was burned over the weekend when his real identity as a CFA Charterholder with a proper job was revealed by the media. As Gill's identity percolates, questions are being raised about how he ran Roaring Kitty in particular alongside his role in marketing for MML Investor services, part of Massachusetts Mutual Life Insurance

efinancialcareers.com ,  25d 0
Keith Gill didn't list his side-gig on his FINRA registration

YouTube Star Roaring Kitty Revealed as Reddit Wall Street Disruptor Behind GameStop Spree

Keith Gill, a 34-year-old Massachusetts man known as "Roaring Kitty" on YouTube, is the person behind the sudden jump in GameStop stock that had Wall Street transfixed all week. On Wednesday, the flagging video game retailer saw its stock jump 135% to $347.51 a share before dropping to $194 on Thursday. It experienced another sharp jump before the end of the week. At the beginning of 2021, GameStop shares cost just $18. "I didn't expect this," Gill told The Wall Street Journal of the sudden attention. Gill once

popculture.com ,  28d 0
YouTube Star Roaring Kitty Revealed as Reddit Wall Street Disruptor Behind GameStop Spree

Meet Keith Gill, the man who drove the GameStop Reddit mania and made millions

Meet Keith Gill, the newly minted millionaire and financial folk hero who sparked the GameStop trading frenzy that caused big losses for established hedge funds this week. He’s a 34-year-old Massachusetts dad who wears corny cat T-shirts and a collection of headbands while running his “Roaring Kitty” YouTube channel from the basement of his rented residence. Known as “DeepF---kingValue” on the Reddit forum WallStreetBets, Gill worked in marketing for Massachusetts Mutual Life Insurance Co. before

baltimoresun.com ,  28d 0
Meet Keith Gill, the man who drove the GameStop Reddit mania and made millions

MassMutual to buy Great American Life Insurance

The deal will reinforce MassMutual’s focus on its retail annuities business. Last year, the company sold its defined-contribution record-keeping business to Empower Retirement via a reinsurance transaction with a ceding commission of $2.35 billion. Massachusetts Mutual Life Insurance Co. is snapping up another major annuity provider, Great American Life Insurance Company, for $3.5 billion, the company announced Wednesday. Cincinnati-based Great American was the 13th biggest fixed annuities seller during the

investmentnews.com ,  29d 0
MassMutual to buy Great American Life Insurance

MassMutual to Buy American Financial Annuity Unit

The $3.5 billion deal came a day after Allstate said it would sell its life insurance business to private-equity giant Blackstone for $2.8 billion. Massachusetts Mutual Life Insurance Co. said Wednesday it had agreed to acquire American Financial Group’s annuity business for $3.5 billion in a move to expand its product offerings. The announcement of MassMutual’s acquisition of Great American Life Insurance came a day after Allstate said it would sell its life insurance unit to private-equity giant Blackstone

cfo.com ,  29d 0
MassMutual to Buy American Financial Annuity Unit

Paypal – Bitcoin Looks to Gain Traction in Payments

Vegas Auto Gallery, a luxury auto dealership in Las Vegas, has become a playground for wealthy bitcoin investors who want to cash in. The dealership recently sold two high-end sports cars—a 2017 Pagani Huayra Roadster and a 2019 Bugatti Chiron—to a customer who paid more than $6 million in bitcoin, according to owner who says about 3% to 5% of the dealership’s revenue comes from bitcoin transactions. prices have more than tripled in 2020 and are hovering around $26,600, making millionaires out of hoards

fintechzoom.com ,  1m 0
Paypal – Bitcoin Looks to Gain Traction in Payments

JPMorgan Says MassMutual’s Bitcoin Foray Signals Widening Demand

Photographer: Chris Ratcliffe/Bloomberg A recent investment in Bitcoin by Massachusetts Mutual Life Insurance Co. highlights the potential for additional institutional demand for the cryptocurrency in coming years, according to JPMorgan Chase & Co. The $100 million purchase suggests adoption of Bitcoin is spreading from family offices and wealthy investors to insurance firms and pension funds, strategists including Nikolaos Panigirtzoglou said in a note Friday. The latter two are unlikely to ever make high allocations,

bloomberg.com ,  2m 0
JPMorgan Says MassMutual’s Bitcoin Foray Signals Widening Demand

JP Morgan: Institutional Demand to Increase After MassMutual Bitcoin Investment

Yes, you heard it right JP Morgan have supported the latest $100 million of Bitcoin investment by MassMutual. According to JP Morgan, the investment by Massachusetts Mutual Life Insurance Co. in Bitcoin have the potential for more institutional demand for the cryptocurrency in the coming years. Recently, MassMutual buys this Bitcoin through a New York-based fund management company called NYDIG. Not only Bitcoin but it has also acquired a $5 million minority equity stake in NYDIG. MassMutual the 169 year old

koinalert.com ,  2m 0
JP Morgan: Institutional Demand to Increase After MassMutual Bitcoin Investment

Fintech Focus For December 14, 2020

Quote To Start The Day: We’re really trying to encourage progress, not to force it. One Big Thing In Fintech: Massachusetts Mutual Life Insurance Co. is jumping into the institutional bitcoin game with a $100 million investment in bitcoin and a $5 million equity stake in NYDIG. Source: Coindesk Other Key Fintech Developments: Tink valued over $800M after round. JPM finishes blockchain-based repo. Cleo taps $44M for money manager. Sigma releases API to detect crimes. Solactive raised $60M in new round. Embroker

benzinga.com ,  2m 0
Fintech Focus For December 14, 2020

Bitcoin attracts venerable investor

Mutual insurer commits $100M Massachusetts Mutual Life Insurance Co. has purchased $100 million in bitcoins for its general investment fund, the latest mainstream firm to dabble in digital assets. The mutual insurer also acquired a $5 million minority equity stake in Nydig, a subsidiary of Stone Ridge that provides cryptocurrency services to institutions, according to a statement. Nydig, which already keeps more than $2.3 billion in crypto assets for clients, will provide custody services for the insurer's bitcoins.

arkansasonline.com ,  2m 0
Bitcoin attracts venerable investor

169-Year-Old MassMutual Invests $100 Million in Bitcoin

Illustration: Parilov/Shutterstock Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG, a subsidiary of Stone Ridge that provides cryptocurrency services to institutions, according to a statement. NYDIG, which already keeps more than $2.3 billion in crypto assets for clients, will provide custody services for MassMutual’s

thinkadvisor.com ,  2m 0
169-Year-Old MassMutual Invests $100 Million in Bitcoin

Massachusetts Mutual Invests $100 Million in Bitcoin through NYDIG

Massachusetts Mutual Life Insurance Co. has become the latest institution to invest in Bitcoin. The almost 170-year-old financial services company just took up a $100 million position in the digital asset. This year is shaping up to be the start of major institutional interest in Bitcoin. The latest company seeking refuge from global macro uncertainty is Massachusetts Mutual. MassMutual ‘Meaningful Exposure’ to Bitcoin The firm, based in Springfield, Massachusetts, has just announced a $100 million investment

beincrypto.com ,  2m 0
Massachusetts Mutual Invests $100 Million in Bitcoin through NYDIG

Breaking: MassMutual Insurance Firm Buys $100 Million Bitcoin 'Insurance'

Man holding a phone with a bitcoin exchange rate Massachusetts Mutual Life Insurance Co., a 170-year-old insurance company has bought $100 million worth of bitcoin as the hype around the top cryptocurrency has seen many other mainstream financial giants going big in bitcoin in 2020. The bitcoin purchase made by MassMutual however stands out from the rest, primarily because as an insurance firm their priority is to manage risk, thus it is a kind of approval that bitcoin is a truly global asset for mitigating

coingape.com ,  2m 0
Breaking: MassMutual Insurance Firm Buys $100 Million Bitcoin 'Insurance'

Breaking: MassMutual Insurance Firm Buys $100 Million Bitcoin 'Insurance'

Man holding a phone with a bitcoin exchange rate Massachusetts Mutual Life Insurance Co., a 170-year-old insurance company has bought $100 million worth of bitcoin as the hype around the top cryptocurrency has seen many other mainstream financial giants going big in bitcoin in 2020. The bitcoin purchase made by MassMutual however stands out from the rest, primarily because as an insurance firm their priority is to manage risk, thus it is a kind of approval that bitcoin is a truly global asset for mitigating

coingape.com ,  2m 0
Breaking: MassMutual Insurance Firm Buys $100 Million Bitcoin 'Insurance'

Breaking: MassMutual Insurance Firm Buys $100 Million Bitcoin 'Insurance'

Man holding a phone with a bitcoin exchange rate Massachusetts Mutual Life Insurance Co., a 170-year-old insurance company has bought $100 million worth of bitcoin as the hype around the top cryptocurrency has seen many other mainstream financial giants going big in bitcoin in 2020. The bitcoin purchase made by MassMutual however stands out from the rest, primarily because as an insurance firm their priority is to manage risk, thus it is a kind of approval that bitcoin is a truly global asset for mitigating

coingape.com ,  2m 0
Breaking: MassMutual Insurance Firm Buys $100 Million Bitcoin 'Insurance'