Latest Breaking News On - Jersey bureau of securities - Page 20 : comparemela.com

To embed, copy and paste the code into your website or blog: The Traveling Wilburys famously noted “In Jersey, anything s legal as long as you don t get caught.”[1] Apparently the New Jersey Bureau of Securities (“Bureau”) disagrees. The Bureau issued a Summary Cease and Desist Order to BlockFi Inc. (“BlockFi”) on July 20, 2021, ordering the company to stop offering interest-bearing cryptocurrency[2] accounts to new customers in New Jersey. According to the Order, BlockFi, through its affiliates, has been facilitating its cryptocurrency lending and proprietary trading operations through the sale of unregistered securities in violation of New Jersey’s securities laws. “Our rules are simple: if you sell securities in New Jersey, you need to comply with New Jersey’s securities laws,” said New Jersey’s Acting Attorney General Andrew Bruck.[3] “No one gets a free pass simply because they’re operating in the fast-evolving cryptocurrency market. Our Bureau of Sec

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