Title: SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings
Post by: Bitcoin on Oct 11, 2024, 03:25 am
Post by: Bitcoin on Oct 11, 2024, 03:25 am
SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and […]
Source: SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings (https://news.bitcoin.com/sec-charges-cumberland-drw-for-unregistered-2-billion-crypto-securities-dealings/)
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and […]Source: SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings (https://news.bitcoin.com/sec-charges-cumberland-drw-for-unregistered-2-billion-crypto-securities-dealings/)