Market Watchdog Backs SEC Reading of ‘Dealer’ in Crypto Suit

An SEC rule defining a securities “dealer” to include participants in the cryptocurrency industry and high-frequency trading firms is necessary and appropriate, the investor advocacy group Better Markets Inc. told a federal court Monday.

The US District Court for the Northern District of Texas should decide the crypto associations’ rule challenge before trial and in favor of the Securities and Exchange Commission, Better Markets argued in a friend of the court brief. The rule, which augments the definition of dealers under the Securities Exchange Act, will “strengthen protections for investors, reduce the risk of major market disruptions, and give …

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Market Watchdog Backs SEC Reading of ‘Dealer’ in Crypto Suit #Market #Watchdog #Backs #SEC #Reading #Dealer #Crypto #Suit

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Source Link: https://news.bloomberglaw.com/ip-law/market-watchdog-backs-sec-reading-of-dealer-in-crypto-suit

Market Watchdog Backs SEC Reading of ‘Dealer’ in Crypto Suit:

An SEC rule defining a securities “dealer” to include participants in the cryptocurrency industry an…

Author: BLOGGER