New Rules: US Regulators Extend Their Purview Within Crypto Industry
Cointelegraph
Published Jan 01, 0001 00:00
Updated Sep 15, 2018 04:00
This week, on the same day, two United States regulating bodies — the Financial Industry Regulatory Authority (FINRA) and its ruling organization the Securities and Exchange Commission (SEC) — reported filing objections against non-compliant crypto players who made some false statements regarding their businesses.
While the SEC barely needs any introduction for those who follow the crypto industry, FINRA might seem unfamiliar. FINRA is a private, non-federal agency, although it is overseen by the SEC. It regulates one specific part of the securities industry in the U.S.: brokerage firms doing business with the public.
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Written By: Cointelegraph
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