United States of America: SEC investigation into eToro over alleged operation of an unregistered broker and unregistered clearing agency in connection with its trading platform
Progress
Current status
in force
12 Sep 2024 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued ruling in SEC investigation into eToro over operation an unregistered broker and unregistered clearing agency in connection with its trading platform
On 12 September 2024, the United States Securities and Exchange Commission (SEC) announced that trading platform eToro USA LLC has agreed to pay a USD 1.5 million penalty to the SEC to settle charges of operating as an unregistered broker and cleari…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body