Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»TradeStation Crypto, Inc. has reached a settlement with the SEC and state regulators and agreed to pay a $3 million fine.
ADOPTION NEWS

TradeStation Crypto, Inc. has reached a settlement with the SEC and state regulators and agreed to pay a $3 million fine.

By Crypto FlexsFebruary 7, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
TradeStation Crypto, Inc. has reached a settlement with the SEC and state regulators and agreed to pay a  million fine.
Share
Facebook Twitter LinkedIn Pinterest Email

The Securities and Exchange Commission (SEC) has charged Florida-based TradeStation Crypto, Inc. with failing to register the offer and sale of cryptocurrency lending products that promised investors a way to earn interest.

The agency announced the charges on Wednesday and said TradeStation had agreed to settle the charges and pay a $1.5 million fine without admitting or denying the SEC’s findings. name.

TradeStation is a mainstream financial platform founded in 1982 and acquired by Japanese financial group Monex in 2011. In 2020, it began offering cryptocurrency savings accounts that allow customers to earn interest. As of 2021, TradeStation has 11,122 active users worldwide engaging in features of interest. filing.

The SEC said TradeStation’s cryptocurrency lending products are securities and do not qualify for registration exemption. TradeStation ceased providing services pursuant to the SEC’s order on June 30, 2022, the agency said. Earlier this year, TradeStation presentation Cryptocurrency-related products and services in the United States are scheduled to end on February 22nd. The company did not admit any wrongdoing.

“This case highlights the importance of ensuring that investors benefit from the disclosure requirements provided by the federal securities laws, regardless of the label applied to the offering,” Stacy Bogert, deputy director of the SEC’s Division of Enforcement, said in a statement. said.

role of the state

In a parallel action announced Wednesday, TradeStation agreed to pay an additional $1.5 million to resolve a cryptocurrency product investigation by state securities regulator the North American Securities Administrators Association (NASAA).

A task force of eight state securities regulators has reportedly been involved in investigating TradeStation’s cryptocurrency interest earning program over the past year. NASAA.

“We understand that investing in crypto asset securities can be attractive, but investors should take the time to research cryptocurrency-related investments before handing over their money,” said Elizabeth Harris, director of the New Jersey Securities Division. name On Wednesday.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Injective (INJ) Completes First Community Buyback Worth $32 Million

October 29, 2025

Whale.io Confirms First Airdrop For Crock Dentist NFT Holders

October 29, 2025

BTC And XRP Prices Fluctuate Dramatically. WOAHash Helps Holders Earn $9,900 In Daily Returns.

October 29, 2025

Acre Launches V2 Platform, Enabling Bitcoin Holders To Earn 14% APY (est.) From Self-Custody

October 29, 2025

BitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFi

October 29, 2025

MEXC Maintains Strong Financial Stability With Over 100% Proof Of Reserve Across Major Assets

October 29, 2025

Australia provides clarity on cryptocurrency regulation with new guidelines

October 29, 2025

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Injective (INJ) Completes First Community Buyback Worth $32 Million

October 29, 2025

Whale.io Confirms First Airdrop For Crock Dentist NFT Holders

October 29, 2025

BTC And XRP Prices Fluctuate Dramatically. WOAHash Helps Holders Earn $9,900 In Daily Returns.

October 29, 2025
Most Popular

Bitfinex Alpha | Bitcoin is consolidating its position at the $100,000 threshold.

December 11, 2024

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.