SEC joins five other regulators to highlight crypto investment risks
The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the Securities Investor Protection Corporation (SIPC) and the North American Association of Securities Administrators (NASAA) Asset Investment issued a risk warning: "Crypto-asset investments may be subject to unusual fluctuations, and the platforms through which investors buy, sell, borrow or lend these investments may lack important protections." Regulators said that those who provide crypto-asset investments or services may not Comply with applicable laws, including federal securities laws. In addition, the announcement also pointed out that crypto asset investors face many risks, including unregistered offerings, lack of protection from the Securities Investor Protection Corporation (SIPC), and fraud.
The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the Securities Investor Protection Corporation (SIPC) and the North American Association of Securities Administrators (NASAA) Asset Investment issued a risk warning: "Crypto-asset investments may be subject to unusual fluctuations, and the platforms through which investors buy, sell, borrow or lend these investments may lack important protections." Regulators said that those who provide crypto-asset investments or services may not Comply with applicable laws, including federal securities laws. In addition, the announcement also pointed out that crypto asset investors face many risks, including unregistered offerings, lack of protection from the Securities Investor Protection Corporation (SIPC), and fraud.