According to Foresight News, the Texas State Securities Board announced that five U.S. states have reached a settlement with GS Partners, which provides multiple cryptocurrency investments. GS Partners will repay investors' funds in full in exchange for withdrawing all civil claims and investigations against the company without charging any fines. GS also agreed to stop issuing unregistered securities in these states.
Last November, U.S. state regulators filed an enforcement action against GS Partners, alleging that the company defrauded investors by misrepresenting expected profits and risks of losses through crypto asset investments.
