TradeStation Crypto, Inc. agreed to settle with the US Securities and Exchange Commission (SEC) and pay a total fine of $ 3 million.
SEC, Florida-based company, investors Earn returns from cryptocurrencies He accused him of offering a product without permission.
According to the SEC’s statement, TradeStation responded to the SEC’s allegations. although not accepting He reached a settlement to pay a $1.5 million fine.
TradeStation, which started working in 2021 for customers to earn interest on their cryptocurrency deposits, has More than 10 thousand users was located.
TradeStation, the product in question security After it was stated that it was in status, it stopped the service on June 30, 2022, in accordance with the instructions of the SEC.
In addition to the settlement reached with the SEC, TradeStation North American Securities Administrators Association (NASAA) by reaching an agreement with to pay 1.5 million dollars he accepted.
NASAA had been investigating the interest returns offered by TradeStation for a year.