Regulation

Finra wades into cryptocurrency enforcement

Self-regulatory body accuses broker of fraud and unlawful distribution of HempCoin, a cannabis-focused cryptocurrency

Finra wades into cryptocurrency enforcement

The Financial Industry Regulatory Authority has issued its first disciplinary action involving cryptocurrencies.

Finra, a self-regulatory organization, on Tuesday filed a complaint against Timothy Tilton Ayre, saying he committed securities fraud and unlawfully distributed HempCoin, an unregistered, cannabis-focused cryptocurrency security.

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