Several U.S. state regulators are looking into whether GenesisTrading may have violated securities laws, according to Barron’s. By NelWang
The report said that Alabama Securities Commission Director Joseph Borg indicated that his agency and several other states are involved in the investigations, which focus on whether Genesis and other companies persuaded residents of their states to invest in crypto securities without having the proper registrations. Borg did not name the other companies being investigated.
Genesis had spent much of November scrambling to raise fresh capital or reach a deal with creditors. The company's institutional lending unit last week was
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