RATE Group | Securities Exchange Commission to Review Behavior of Bitcoin Brokers
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Securities Exchange Commission to Review Behavior of Bitcoin Brokers

06 Aug Securities Exchange Commission to Review Behavior of Bitcoin Brokers

Posted at 01:11h in Bitcoin News by

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While cryptocurrency allows users to remove the middleman, some investors still rely on their brokers to ensure that their assets are safe. The Securities Exchange Commission (SEC) is now looking at this relationship and just how involved these intermediaries actually are.

The only way to make a well-informed decision about anything is by questioning it while making sure that you’ve gathered all of the facts.

This appears to be exactly what the SEC is doing. According to Bloomberg, brokerages have found themselves in the regulator’s spotlight. The latter is looking at issues such as trading fees and the level of assistance that these financial advisers provide.

Knowledge is power

One the face of it, it may seem like the SEC is poking around and trying to cause issues but in reality, it might be the opposite. The regulator is simply doing their due diligence in understanding the industry as best as it can.

John L. Jacobs gave his point of view on the SEC’s quest for clarity….

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