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.