🚨 Bitcoin broker charged by SEC and CFTC, domain seized by FBI

BlockworksSep 28, 2018 ⋅ 1 min read

The U.S. Securities and Exchange Commission (SEC) has sued Marshall Islands-based 1pool Ltd., also known as 1Broker, as well as its CEO Patrick Brunner. The SEC alleges that 1Broker failed to proper discretionary investment thresholds, was not registered as a security-based swaps dealer, and failed to transact its security-based swaps on a registered national exchange. Separately the Commodity Futures Trading Commission (CFTC) filed charges against 1Broker claiming the platform failed to implement anti-money laundering and supervisory features. The FBI has seized the 1broker.com domain, claiming the company violated money laundering and wire fraud laws while operating as an unregistered broker-dealer and unregistered futures commission merchant.

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🚨 Bitcoin broker charged by SEC and CFTC, domain seized by FBI

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