SEC Fines Bittrex $24M in Settlement

The bankrupt cryptocurrency exchange Bittrex has agreed
to pay the Securities and Exchange Commission (SEC) USD $24 million in fines.
The settlement is related to allegations that the cryptocurrency
exchange offered unregistered securities to investors in the US.

According to the
regulator, Bittrex operated as a securities exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term, broker, and
clearinghouse without obtaining proper registration. Of the sum Bittrex will
pay the regulator, USD $14.4 million constitutes disgorgement, with an
additional USD $4 million as prejudgment interest and USD $5.6 million in civil
money penalties.