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© Reuters. FILE PHOTO: The seal of the U.S. Securities and Change Fee (SEC) is seen at their headquarters in Washington, D.C., U.S., Might 12, 2021. REUTERS/Andrew Kelly/File Picture
(Reuters) – Cryptocurrency platform TradeStation Crypto can pay $3 million to settle fees from the U.S. securities regulator and a number of states that it provided and offered unregistered securities via an interest-earning program.
TradeStation didn’t register its crypto lending product that allowed U.S. buyers to deposit or buy belongings on TradeStation’s platform in change for yield, the Securities and Change Fee mentioned. The product was provided to prospects starting in 2020 and was shut down in 2022.
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