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1Broker, as well as its CEO Patrick Brunner, has been charged with selling security based swaps to US and international investors without following proper "discretionary investment thresholds" and failing to implement proper AML and supervisory features. Analysts believe that this may be indication that the regulators may be gearing up on an assault on some of the larger players such as BitMex and Binance.
"The SEC alleges that a Special Agent with the Federal Bureau of Investigation, acting in an undercover capacity, successfully purchased several security-based swaps on 1Broker's platform from the U.S. despite not meeting the discretionary investment thresholds required by the federal securities laws."
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