Former US Securities and Exchange Commission (SEC) official John Reed Stark has warned crypto investors to exit the exchanges immediately.
Former SEC official John Reed Stark June 8 Posted on his official social media account on in the shipmentcrypto industry to investors stock markets as soon as to leave warned about.
Quit crypto platforms immediately. I can’t say it more clearly. I say this as an official who has worked for the SEC for almost 20 years, 11 of which was in the US Securities and Exchange Commission’s (SEC) Internet Enforcement Office. Everything has just begun.
Stark, crypto trading platforms US regulators And laws besieged by have been taken and everything more just getting started cryptocurrency while proposing to the industry attempted against regulators in the legal fight And your laws He said he was next to him.
former official cryptocurrency platforms highly is risky and regulatory gaps due to many illegal financial into operation while stating that these platforms are open to the SEC record not having their customers sincere And outside to many threats become open argued that he did.
financial companies to the SEC to be registered investor And platform between conflict of interest to form prevented, your platform investors on the risks TRUE to inform it provides and your platform trade policies about sufficient And TRUE to inform made it mandatory Expressing Stark, unregistered platforms. in this respect completely free underlined that.
According to Stark’s statements SEC an unregistered platform, registered unlike those infrastructure, storage conditions, data storage, minimum capital adequacy And ethically can operate independently of the rules on the subject.
In addition, according to the statement, platforms that are not SEC registered cyber security, investor protection procedures And customer privacy from the rules they can waive is seen.
at this point SEC registered any activity of a company by the SEC to be traceable notable ex-authoritative, unregistered platforms unreachable SEC scam And unfair activities about preventing insufficient claimed to stay.
According to Stark’s statements, SEC registration establishes criteria that protect platforms, users and the industry from various risks. These criteria also safest, strongest And one of the most attractive markets one is doing.