0 Nick Robinson Posted June 14, 2019 Author Share Posted June 14, 2019 Quote Link to comment Share on other sites More sharing options...
0 Ilija Rankovic Posted June 14, 2019 Share Posted June 14, 2019 FINRA is pretty cautious when it comes to crypto, but it does not have a specific stance on it, except that regulation is good. As far as what it did recently, we can check the news. The United States Financial Industry Regulatory Authority charged one of Merrill Lynch’s staff members $5,000 for setting up a mining rig and mining cryptocurrency. Documents that were announced on 10th June confirm the reports. FINRA took action against Kyung Soo Kim, an ex-employee of Merrill Lynch. The fine came when it appeared to FINRA that the activities did not comply with its rules associated staff. Kim, as FINRA stated, should have informed them when he set his mining rig up. Kim will be barred from associating himself with any FINRA-associated company for a one-month period as an additional penalty for what he did. Quote Link to comment Share on other sites More sharing options...
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