United States of America: Issued ruling in SEC investigation into eToro over operation an unregistered broker and unregistered clearing agency in connection with its trading platform
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body