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SEC Charges Kraken Again for Unregistered Securities Trading and Commingling User Funds
The United States Securities and Exchange Commission (SEC) has announced a lawsuit against San Francisco-based crypto exchange Kraken for allegedly operating an unregistered securities exchange. The SEC’s court complaint is also accusing Kraken of commingling up to $33 billion in user funds.
SEC Accuses Kraken of Multiple Acts of Misconduct
According to a Monday press release from the SEC, Kraken operates as an unlawful broker, dealer, and clearing agency. The Commission states that the crypto exchange has earned several hundred million dollars helping users buy and sell crypto asset securities since at least September 2018. It also said that Kraken failed to register its broker, dealer, and clearing services with the SEC as required by law.
The November 20 complaint names several cryptocurrencies Kraken facilitates as securities. They include Algorand (ALGO), Cardano (ADA), Dcen
We współpracy z: https://www.coinspeaker.com/sec-kraken-exchange-unregistered-securities/
