California Department of Financial Protection and Innovation joined Commodity Futures Trading Commission, Hawaii Department of Commerce and Consumer Affairs, Securities Enforcement Branch in filing suit against precious metals dealer, majority owner, sales agent.
California Department of Financial Protection Innovation announced that it has launched a Crypto Scam Tracker. Crypto Scam Tracker is database that is searchable by company name, scam type, or keywords to learn more about crypto specific complaints the DFPI has received.
California DFPI announced participation in $22.5MM multi-state into settlement with Cayman Islands digital asset firm to resolve securities enforcement action in connection with platform earn interest product program. North American Securities Administrators Association group.
California Department of Financial Protection & Innovation issued warning about individuals on YouTube claiming individuals can form their own private banks and become individual bankers to obtain benefits including asset protection by obtaining DFPI registration number.
On February 1, NY DFS announced the adoption of the final regulation implementing the New York State Commercial Finance Disclosure Law. The final regulations clarified the definition of financial institution exempts subsidiaries and affiliates of exempted banks and credit unions.