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**🚨 Just In: Cautionary Statement on Cryptocurrency Investment 🚨**
Six prominent institutions and organizations, including the U.S. Securities and Exchange Commission (SEC), have issued a cautionary message as part of the World Investor Week campaign regarding cryptocurrency investments. They emphasized the high volatility and speculative nature of cryptocurrencies and the potential lack of investor safeguards on trading platforms. Additionally, these platforms may not always comply with current laws, including federal securities laws. The statement also highlighted the increasing frequency of fraudulent activities targeting individual cryptocurrency investors, urging caution when investing in cryptocurrencies. The participating agencies and organizations in this campaign include the SEC, FINRA, CFTC, NFA, SIPC, and NASAA.
#CryptocurrencyInvestment #InvestorAlert #SEC #FINRA #CFTC #SIPC #NASAA #InvestorProtection
Six prominent institutions and organizations, including the U.S. Securities and Exchange Commission (SEC), have issued a cautionary message as part of the World Investor Week campaign regarding cryptocurrency investments. They emphasized the high volatility and speculative nature of cryptocurrencies and the potential lack of investor safeguards on trading platforms. Additionally, these platforms may not always comply with current laws, including federal securities laws. The statement also highlighted the increasing frequency of fraudulent activities targeting individual cryptocurrency investors, urging caution when investing in cryptocurrencies. The participating agencies and organizations in this campaign include the SEC, FINRA, CFTC, NFA, SIPC, and NASAA.
#CryptocurrencyInvestment #InvestorAlert #SEC #FINRA #CFTC #SIPC #NASAA #InvestorProtection
Robinhood Consents To Pay $10.2M Fine To US States
#Robinhood will pay $10.2 million in fines as a result of an inquiry conducted by seven state securities authorities over the company's platform failures in March 2020 that injured "main street investors."
Following a #NASAA investigation, which was supervised by state securities regulators from Alabama, Colorado, California, Delaware, New Jersey, South Dakota, and Texas, the deal was achieved.
In March 2020, there were problems on this platform, which led to the investigation. At the time, the Robinhood app was the primary method of deal-making for hundreds of thousands of investors. Before March 2021, Robinhood also had issues with its review and approval procedures for options and margin accounts, flaws in its monitoring and reporting tools, and subpar customer service and escalation procedures that occasionally prevented users from making trades despite the fact that the value of particular stocks was falling. NASAA President Andrew Hartnett stated.
“Today’s multistate agreement represents states at their best – working together for the benefit of Main Street investors, Robinhood repeatedly failed to serve its clients, but this settlement makes clear that Robinhood must take its customer care obligations seriously and correct these deficiencies.”
The conclusions stated in the Order of the States are neither acknowledged nor refuted by this company.
To the nations covered by the settlement, Robinhood will give access to FINRA requested compliance deployment reports. Additionally, the business employed an impartial compliance expert, who provided the usual corrective advice for the platform.
The TX-Relay #API was only recently released in beta by 0x Labs, a blockchain business that creates the infrastructure for the #decentralized exchange (DEX) ecosystem. The API intends to accelerate peer-to-peer trading on decentralized exchanges and increase its dependability. As the initial partner, Robinhood Wallet will integrate with the API to give their users access to quicker and more dependable transactions.
This news is republished from https://coinaquarium.io/
Following a #NASAA investigation, which was supervised by state securities regulators from Alabama, Colorado, California, Delaware, New Jersey, South Dakota, and Texas, the deal was achieved.
In March 2020, there were problems on this platform, which led to the investigation. At the time, the Robinhood app was the primary method of deal-making for hundreds of thousands of investors. Before March 2021, Robinhood also had issues with its review and approval procedures for options and margin accounts, flaws in its monitoring and reporting tools, and subpar customer service and escalation procedures that occasionally prevented users from making trades despite the fact that the value of particular stocks was falling. NASAA President Andrew Hartnett stated.
“Today’s multistate agreement represents states at their best – working together for the benefit of Main Street investors, Robinhood repeatedly failed to serve its clients, but this settlement makes clear that Robinhood must take its customer care obligations seriously and correct these deficiencies.”
The conclusions stated in the Order of the States are neither acknowledged nor refuted by this company.
To the nations covered by the settlement, Robinhood will give access to FINRA requested compliance deployment reports. Additionally, the business employed an impartial compliance expert, who provided the usual corrective advice for the platform.
The TX-Relay #API was only recently released in beta by 0x Labs, a blockchain business that creates the infrastructure for the #decentralized exchange (DEX) ecosystem. The API intends to accelerate peer-to-peer trading on decentralized exchanges and increase its dependability. As the initial partner, Robinhood Wallet will integrate with the API to give their users access to quicker and more dependable transactions.
This news is republished from https://coinaquarium.io/
