Articles Tagged with Cryptocurrencies

Cryptocurrencies The Financial Industry Regulatory Authority (FINRA) issued a regulatory notice (18-20) on July 6, 2018 titled: “FINRA Encourages Firms to Notify FINRA if They Engage in Activities Related to Digital Assets.” In summary, the notice request that firms “promptly notify FINRA” if they or their associated persons or affiliates are presently engaging or intend to engage in “any activities related to digital assets, such as cryptocurrencies and other virtual coins or tokens.”

As the notice observes, the market for digital assets like cryptocurrencies “has grown significantly” in recent years, becoming more attractive to retail investors. However, the market has seen “incidences of fraud and other securities law violations,” which raise concerns for investors. Hence FINRA reminds firms involved in digital assets to bear in mind all relevant state laws, rules and regulations. It has also requested that firms inform their Regulatory Coordinator if they or their persons or affiliates are involved in, or intend to be involved in, a number of activities including:

–“purchases, sales or executions of transactions in digital assets;

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