FINRA Takes Down HempCoin Cryptocurrency for Selling Unregistered Securities

The Financial Industry Regulatory Authority (FINRA) has issued its first cryptocurrency-related disciplinary action, charging Timothy Tilton Ayre, a broker in Agawam, MA., with securities fraud and the unlawful distribution of HempCoin, which the agency claims is an unregistered cryptocurrency security. FINFRA, a not-for-profit organization overseen by the SEC to author rules and enforce compliance of

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