Posted by Arbitrage Wise:

 "I'm sure many of you have tried now, but we have temporarily disabled ATM withdrawals until 12pm SLT tomorrow, at which we will reopen with a temporary 5000L per day limit.

According to LL, "We will not apply this policy to companies who submit a registration statement, charter, or other applicable license from a governing regulatory authority..." We will be submitting our Wise Metaverse LLC document to LL in hope that they will allow us to continue operating as a virtual bank. However, what we do from here on out will not matter if our customers do not trust us and continue to fuel the run on the bank.

If you have tiers to pay, please send me an IM and we will try to help accommodate your situation. LL also allows a 7 day late period to pay tier, so there is no need to panic. We ask that you only request what you need for now, and wait to see what LL's response is.

We will continue to update you as much as we can... but again, we ask that everyone be patient and help us work through this together."

Panic has hit, sims are lagged out, as avatars learn the news that Linden Lab has announced a new policy with concern to Banks and interest. We have seen this kind of announce come from Linden Lab in the past, with regard to gambling.

It appears the SL Capex site has crashed due to the high number of hits, I make point of this because after listening to the avatars at JT Financial, there is some speculation that the site has just disappeared. JTF and SL Capex in my opinion are 100% honest and working to resolve the problem ASAP.

 Stand there on the floor of the many JT Financial bank, one thing stands out....LAG, the sim is full. Panic has hit, people are speculating, shouting, making petitions etc. I on a number of times asked people to visit this site to express concerns and leave comments. (I did ask for language to be toned down).

Rest assured that we will continue to update on current events once more information becomes available.

SLR in association with iVentures presents a new group to help second life residents, an introduction from the iVentures Voliant is below. I will hold a position as a Director in the group. I look forward to this great opportunity and hope to discuss many matters in the near future.

Regards,

Cash Yiyuan

CEO - SLReports.net

iVentures Group Watch The Financial Markets

As the Second Life economy develops, the financial sector grows in unison. However, the transparency of the overall financial market still remains clouded. Recently, the investors and shareholders have addressed their concerns regarding this, but little action remains to be seen. Residents are slowly losing their faith investing in the Exchanges due to the high uncertainty of not knowing whether or not they will still be able to buy or sell their stocks the next day.

Hence, to help ease the anxiousness within the general public, iVentures Group (iVentures) has volunteered to monitor the financial markets closely. This is to avoid the reoccurrence of unexpected events which results partially from the lack of communication within the financial community. In fact, the group has recently created a new chat group within SL called "iVentures Group Market Watch" covering all areas in the latest business and financial news, stocks to watch in ALL Exchanges, and the latest acquisitions. Investors are also welcomed to voice their opinions and make any additional comments in this chat group.

The main goal of this chat group is to provide more visibility of the financial sector as well as to increase the stability of the market. iVentures Group, a well respected venture capital, financial consulting and accounting services firm, will be closely monitoring the chat group and provide additional services as necessary.

"Our objective is to ensure that our clients' needs are fulfilled through financial consultation services. We will protect investors and shareholders vested interests of the financial community," said iVentures Volitant, owner and President of iVentures Group. 
 

iVentures Volitant
www.sliventures.com