SEC accuses Bittrex of conducting unregistered business
Join Our Telegram channel to stay up to date on breaking news coverage Yesterday we reported on the decision by Bittrex, once one of the major exchanges in the world, to leave the U.S. due to impending government regulatory action. On Monday, the news was delivered the the Securities and Exchange Commission (SEC), the main financial regulatory body in the U.S., has filed a complaint against the exchange. The former CEO and cofounder of Bittrex, William Shihara, has been accused by the US Securities and Exchange Commission (SEC) with running an unlicensed national securities exchange, broker, and clearing agency. Separate charges were brought by the agency against Bittrex Global. In the Western District of Washington U.S. District Court, the SEC accuses the corporations and Shihara of violating the Exchange Act on four counts. Further charges are being brought against Bittrex Global “in connection with its operation of a single shared order book alongside Bittrex.” ...