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State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have violated securities laws without filing the proper registrations. Report Says Financial Regulators Are Investigating … Read more
Fresh off the heels of Blockfi’s issues with the New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the … Read more
The chairman of the United States Securities and Exchange Commission (SEC), Jay Clayton, has issued a statement “applaud[ing]” the efforts of authorities associated with the North American Securities Administrators Association (NASAA) in executing the current “enforcement sweep targeting fraudulent ICOs and crypto-asset investment products.” Also Read: 70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes … Read more
Who better to learn about Fintech from than NASAA President and Director of the Alabama Securities Commission Joseph Borg? I sat down with Joe for a lengthy discussion about what millennials and baby boomers need to know about the fintech space. 1. Technology Outruns Regulation, Always “The crossroads between financial services and technology, a la fintech, is the … Read more
