The investment app reportedly failed to ensure customer orders were executed on the best available terms when routing orders through its broker-dealer partners.
Two of the primary regulators overseeing financial activity in the U.S. have weighed in on the subject of cryptocurrency custody.
The Financial Industry Regulatory Authority in the US has taken action against a former financial advisor with Merrill Lynch for his extracurricular activities.
A crypto broker was offering discounted Bitcoin Core (BTC) that seemed to good to be true, and FINRA has shut him down.
Timothy Tilton Ayre, promoter of a scheme called HempCoin, is charged with promoting the token as an unregulated security, which has been described as “the first minable coin backed by marketable securities.”
The Financial Industry Regulatory Authority (FINRA) has raised the alert for ICO that promote an adoption of SAFT in an effort to try and convince investors that they are offering a security or are in compliance with regulatory guidelines.
Acquiring JNK Securities would enable Uphold to offer cryptocurrency transactions for its clients and start listing ICO through its securities division.