1Broker Got Agreement WIth SEC and CFTC

Last september agencies accused the company of selling securities-related instruments without complying with investment restrictions imposed by federal securities laws
06 March 2019   377

Platform for buying financial derivatives using Bitcoin 1Broker announced that it managed to close two lawsuits filed against it by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Last September, government officials accused the company and its CEO Patrick Brunner of selling securities-related instruments to investors from the US and other countries without complying with “investment restrictions imposed by federal securities laws.” The SEC stated that 1Broker did not carry out a transaction of its swaps on the basis of securities to a registered national stock exchange and did not register as a dealer of securities-linked swaps in the established manner.

1Broker did not admit and did not reject his guilt. The company said it had paid Bitcoins to all customers who made requests through its new portal 1broker.io, and will continue to make payments until the end of 2019.

In the course of the coming weeks, 1Broker promises to announce a new enterprise, the development of which it will start from scratch, abandoning its former brand.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.