FINRA revealed that more than 70% of companies violated the rules in their statements regarding cryptocurrencies.
US Financial Industry Regulatory Authority (FINRA) 500 different member companies In a study conducted specifically on Discourses about the promotion of cryptocurrencies revealed that there was a common rule violation.
by FINRA Tuesday, January 23 In a report published today, companies to its customers and the public His statements about cryptocurrencies 70% may have violated rules on using fair and balanced language specified.
In the report, crypto with other assets such as stocks There are inaccuracies in the comparison and federal securities laws It was stated that some activities were continued outside.
is a senior director in FINRA’s advertising regulatory department. Ira Gluck In his statement, he said that with the growth of the cryptocurrency industry, false discourses in this field are decreasing.that it causes more investors to lose included:
With the growth of this market and increasing interest in crypto assets, the potential harm caused by problematic communication has also increased. In order to have sufficient information to evaluate a cryptocurrency investment or service, the communication needs to clearly describe its risks and features.