Busted: SEC and CFTC Nail First Global Credit – a Swiss Security-Based Bitcoin Swaps Dealer That Allegedly Aimed at American Investors

The post Busted: SEC and CFTC Nail First Global Credit – a Swiss Security-Based Bitcoin Swaps Dealer That Allegedly Aimed at American Investors written by Richard Kastelein appeared first on Blockchain News – Blockchain News and Opinion – Tokenomics, Cryptoeconomics

Both the  Securities and Exchange Commission (SEC) as well as the Commodity Futures Trading Commission (CFTC) have charged FGC Swiss securities dealer XBT Corp. SARL d/b/a First Global Credit (FGC) for offering and selling unregistered security-based swaps to U.S. investors using bitcoins followed by failing to transact its swaps on a registered national exchange. According to the SEC’s […]

The post Busted: SEC and CFTC Nail First Global Credit – a Swiss Security-Based Bitcoin Swaps Dealer That Allegedly Aimed at American Investors written by Richard Kastelein appeared first on Blockchain News – Blockchain News and Opinion – Tokenomics, Cryptoeconomics

Original source: https://www.the-blockchain.com/2019/11/01/busted-sec-and-cftc-nail-first-global-credit-a-swiss-security-based-bitcoin-swaps-dealer-that-allegedly-aimed-at-american-investors/

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