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Tuesday

24 November 2020

Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader | Regulation Bitcoin News

Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader | Regulation Bitcoin News


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The emergency enforcement order, therefore, stops the flagged companies from continuing to operate from the state of Texas until they get a license from the regulator.

Furthermore, the order accuses Blundell of “bolstering his expertise by publishing an image of a trading certificate that purports to be a binary options trading license issued by Texas City, Texas.” According to the TSSB order, “the license is actually a forgery.”

Meanwhile, the second cease and desist order accuses three organizations of “falsely purporting to operate from Valentine, Texas.” The order further alleges that the companies “are fraudulently claiming these investments are guaranteed and using fake testimonials add credibility to their schemes.”

However, the TSSB statement asserts that the three companies are “actually regulated by the Securities Board when dealing in securities in or from Texas.” The regulator reveals that the platforms “are not licensed to sell securities in Texas, and they have not been registered in any capacity with the agency.”

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