Texas State Securities Board Flags 15 Investment Entities Including One Unreg...

Texas State Securities Board Flags 15 Investment Entities Including One Unreg...

The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies are using their social media skills as well as the internet to mask the fraudulent nature of their operations. The emergency enforcement order, therefore, stops the flagged companies from continuing to operate from the state of Texas until they get a license from the regulator. Meanwhile, in his comments....


Related News

Securities Registration Requirements Holding Bitcoin Back

The commissioner of the Texas State Securities Board issued anemergency order last week barring a private energy exploration company from accepting investments in bitcoin from non-accredited investors. The company, Balanced Energy LLC, allegedly solicited investors at the Texas Bitcoin Conference on March 6th with the statements "we don't do any verification" and "we're not the paperwork police," and informed interested parties that capital contributions in bitcoin would be accepted. No fraudulent behavior was alleged by the Texas State Securities Board in its order, but the company was....

Texas Regulators Tell Energy Company to Stop Getting Involved With Bitcoin

Texas-based Balanced Energy LLC has reportedly been told by the Texas State Securities Board to stop getting itself involved with bitcoin, according to a number of reports. The Southlake company was reportedly raising capital using the digital currency and selling unregistered securities - something the Board says took place at the Texas Bitcoin Conference in Austin recently. "Balanced Energy and Johnson are accepting payment through Bitcoin, a digital currency that incorporates cryptography and is designed to enable users to send money over the Internet without using a credit card or bank....

Texas Regulators Warn About Risks of 'Trendy' Digital Currencies

Regulators in Texas have warned digital currencies like bitcoin are volatile and probably more suited to young people than retirees, the Dallas Morning News has reported. Describing digital currencies as "very, very trendy" right now, Joseph Rotunda, director of enforcement at the Texas State Securities Board, said that all the "buzz" around digital currencies had led people to look only at the positives and not the risks. Rotunda said it wasn't just about bitcoin, but the myriad other digital currencies popping up every week that presented a risk to investors. "There's more of them in....

Bitcoin Is Well Aligned With The Texan Culture

Texas has proven to be a frontline state within the Bitcoin and Blockchain ecosystem. Sam Castaneda speaks with CoinTelegraph on the peculiar characteristics of the state and why they have led in breaking new grounds within the ecosystem and milestones that have been achieved by the people of Texas. Sam Castaneda is the Co-Founder of UTXO, a Bitcoin company based in Texas. Sam was born in south Texas and moved to Houston to pursue economics at the university of Houston. Sam proudly says: According to Sam, Texas has always been inclined to take a stance in monetary policies. Giving an....

Texas: Future Headquarters Of Bitcoin

When it comes to creating jobs, don't mess with Texas. The state has had strongerjob growth over the last 13 years than any of the other 49 states, and even though the state will soon have a new governor, Texas will continue to be poised as a leader in job growth, while other states stifle innovation with regulation. Here's why: Texas has embraced companies with a clear regulatory environment and that is not just for big oil. Texas is home to a large aerospace industry and a booming technology sector that could take bitcoin to the moon. You may think California is the bitcoin capital of....