Texas State Securities Board Issues Crypto Cease and Desist Order, Fifth This Month

  • {{ content.field_content_author|field_value|getauthorname|raw }}

    The Texas State Securities Board (TSSB) has issued yet another cease and desist order. TSSB sent a cease and desist order to Panama based crypto exchange LeadInvest

The Texas State Securities Board (TSSB) has issued yet another cease and desist order. This time around, the TSSB sent a cease and desist order to Panama based cryptocurrency exchange LeadInvest. The TSSB said it considers LeadInvest’s mining operations and trading platform an unregistered securities offering. Furthermore, the TSSB claims that LeadInvest has been making false and misleading claims promising 20-100 percent returns. And last but not least, the TSSB is accusing LeadInvest of using stock images of individuals who have no connection to the LeadInvest company in place of their actual employee’s images in the “Team” section of their website. This is the fifth cease and desist order issued by the TSSB this month.

 

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Patrick Thompson is a freelance writer who has written for several publications in the past about a vast range of topics.  Thompson is an Economics & Philosophy major at Rutgers University, where he is currently completing his senior year; upon graduating, Thompson plans to go to law school. Thompson is currently the

Recommended articles
Mike Novogratz: US Treasury Might Okay BTC Only If Harder Regulations Introduced

Mike Novogratz: US Treasury Might Okay BTC Only If Harder Regulations Introduced

Almost 120 Mln XRP Moved From Major Exchanges While XRP Price Remains at $0.32

Almost 120 Mln XRP Moved From Major Exchanges While XRP Price Remains at $0.32

Bitcoin (BTC) Price Rally Is Far From Over as Crypto Exchanges See No Increase in Deposits

Bitcoin (BTC) Price Rally Is Far From Over as Crypto Exchanges See No Increase in Deposits