United States of America: Alabama Securities Commission investigation into YieldTrust AI over alleged offering of unregistered securities
Progress
Current status
under investigation
04 Apr 2023 under investigation
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)
ML and AI development
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced Alabama Securities Commission investigation into YieldTrust AI over alleged offering of unregistered securities
On 4 April 2023, the Alabama Securities Commission issued a cease and desist order in the investigation into YieldTrust AI over the alleged offering of unregistered securities in the State. The Securities Commission claims that YieldTrust AI is ille…
Event type
investigation
Action type
interim ruling
Government branch
executive
Government body
other regulatory body