The U.S. government’s top investment surveillance has flagged a series of registered cryptocurrency firms to deceive most international investors with fake corporate information.
Of 28 suspected investment firms The U.S. Securities and Exchange Commission (SEC) called Thursday, finding that Kindesk has found eight that appear to be targets for cryptocurrency investors. Some old trusted newcomers are business centers; Others withhold their services for retirement. Even fashioning itself as a legal entity that can help against crypto fraud.
Queensdesk found on Thursday that flag companies X Trading-Investment, Passive Trade Plan, Retrieval Investors, Recalls International Inc. And SmartQueens24 provided cryptocurrency and blockchain services on their website all Thursday. Three other entities whose websites were down, BitminingFX, CryptobraVos and FXBitCash were also blacklisted by the SEC.
Attempts to motivate investors on companies ’websites have been seen to be a mix of welcome speeches and extensive demands. Passive Trade Plans describes itself as “a trusted authority on digital currency investing” and Smartcoin 24 “promises to trade the most popular currency of 2018.”
“Our Bitcoin Trading services that are new to the world of cryptocurrencies, as well as suitable for bitcoin experts and large-scale bitcoin investors, read the website for “Extra-International.”
SEC Dr. Investors on Thursday filed a lawsuit against all 28 flagged entities. The SEC says these firms mainly use misleading information to solicit US-private investors. It said it had added PAUSE to its watch list to help investors “avoid fraud”.
The SEC periodically warns the public against the very good-to-be-real opportunity in the cryptocurrency space. The previous notices contained fraud Initial exchange offer And in the case Government agency pumping Their value with ICOs. In 2014, the agency warned that investors should avoid being equipped with Bitcoin Hype machine.
These clear-eyed warnings are likely to intensify with the arrival of a new security sheriff in Washington. President Joe Biden has tapped Gary Jenseller, head of crypto-intelligent former chief associate investment regulator at the Commodities and Futures Trading Commission, to lead the SEC.