Tron (TRX) Price Analysis: Rally Isn’t Over Yet, $0.020 Next?

9m
livebitcoinnews

Tierion introduces set of open-source tools to create ‘trustless’ Lightning apps » CryptoNinjas

15m
cryptonewmedia

Turkish City Developing Crypto and Blockchain Solutions for Public Services

27m
cointelegraph

XRP Ultra Bullish Scenario: What’s Ahead For XRP’s Price If It Is Classified As A Commodity?

33m
zycrypto

Bitcoin Wanted by Millennials, Tweets Cameron Winklevoss – Why Is That?

33m
utoday

India: IT Minister Calls for Greater Blockchain Adoption in Boosting Primary Education

38m
cryptonewmedia

Is Bitcoin the Answer to Trump’s ‘Generosity’ Towards Banks?

1h
bitcoinist

Are BitMEX Bitcoin Whales Starting to Dump? One Trader Sells $10m

1h
cryptonewmedia

Bitcoin Price and Technical Market Analysis January 20th, 2020

1h
bitcoinnews

UK’s HMRC seeks to identify cybercriminals using ‘blockchain-analysis tool’

1h
bitcoinwarrior

Will Bitcoin SV ‘Genesis’ Hard Fork Cause Another BSV Price Pump?

1h
beincrypto

Ethereum Price Analysis: ETH Primed For Fresh Rally

1h
livebitcoinnews

Literal Welfare Queen Elizabeth Should Follow Harry and Meghan’s Exit

1h
cryptonewmedia

Bitcoin correlation may still be legitimizing entire asset class

1h
bitcoinwarrior

This Lone Crypto Whale Just Moved $445,000,000 in Bitcoin (BTC) for Only 23 Cents

1h
dailyhodl

21 January 2020 - BTC/ USD – Hourly

2h
cryptodaily

Tone Vays Says Bitcoin (BTC) Is Already 'Faster and Cheaper' Than Bitcoin Cash (BCH). Here's Why

2h
utoday

Bitfinex Launches Sub-Account Feature Amid Growing Institutional Demand in Crypto

2h
coingape

Bitcoin [BTC] Price Breaks Support from Bear Pattern, but Holds Bulls above $8500

3h
coingape

Binance CEO responds to Chainalysis report; says data should be publicly available

3h
bitcoinwarrior

Indian Minister Believes Blockchain Can Transform Government Schools

3h
bitcoinnews

How to get Free XTZ From the Tezos Foundation Faucet

3h
cryptoglobe

Bitcoin (BTC) Price Could Tank to $8,000. Can Things Get Worse for Bulls?

3h
utoday

Ripple (XRP) Just Reversed and $0.25 Is Imminent, Here’s Why

4h
cryptonewmedia

Bitcoin Price Won’t Go Down Quietly: Risk of Bounce Grows

4h
newsbtc


Texas Securities Board Added Cryptocurrencies to List of Top Threats to Investors

Similar News At:
cryptonewmedia

Texas regulators have included cryptocurrencies in their list of top threats to investors, according to the latest Texas Investor Guide.

In its tenth anniversary edition of the State Securities Board’s “Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud,” the regulator added cryptocurrency to the list of investments that raise red flags and require careful scrutiny. The document specifically outlined that cryptocurrencies are extremely volatile and difficult to understand for a non-professional trader.

Among the purported threats, the report pointed out investment opportunities in cryptocurrency mining pools and initial coin offerings directed at seniors and retirees, who apparently prioritize security over speculation. The document further warned:

“In the riskiest cryptocurrency-related offerings, promoters do not provide audited records or other financial information to back up their claims of extraordinarily high profits. [...] Promoters’ claims of ‘secure’ cryptocurrency-related investments and ‘guaranteed’ profits should be approached with caution: Cryptocurrencies tend to be extremely volatile and investors may be unable to quickly liquidate products tied to them.”

The guidance advised potential investors not to contribute to cryptocurrency offerings unless they can determine some basic facts about the company and its physical location. Otherwise, it further explained, investors might transfer funds to anonymous third parties.

The regulator outlined the importance of dealing with registered entities and keeping in mind that deceived investors will be left with little or no resource.

Along with cryptocurrencies on the list, the report also cited unregistered individuals, oil and gas offerings, promissory notes

In late December, the North American Securities Administrators Association (NASAA) — an international investor protection organization — stated that cryptocurrency investment is among the top five investor threats for 2020. The NASAA’s report included the top five schemes that are likely to trap investors in 2020, based on investor complaints, ongoing investigations as well as current enforcement trends.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments