RATE Group | Cryptocurrency firm slapped with cease-and-desist after impersonating registered financi…
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Cryptocurrency firm slapped with cease-and-desist after impersonating registered financi…

03 Oct Cryptocurrency firm slapped with cease-and-desist after impersonating registered financi…

Posted at 16:19h in Cryptocurrency News by

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Missouri-based cryptocurrency company Mavixbtc Limited has been handed a cease-and-desist order for allegedly misleading investors.

The company, based in St.Louis, misled the public through its website, which falsely claimed to be registered with the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. Maxixbtc promised investors returns of up to 55 percent in as little as six days.

If this wasn’t enough, the company also used the registration number of a legitimately registered investment adviser who had nothing to do with and no knowledge of Mavixbtc.