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SEC, FINRA Double Down on Warning of Retirement Account Crypto Risk

From blockworks.co

US regulators have reiterated warnings on their perceived risks of adding cryptocurrencies to retirement accounts. The SEC and the Financial Industry Regulatory Authority (FINRA) on Tuesday again cautioned investors allocating to alternative assets in self-directed individual retirement accounts (IRAs), highlighting crypto as a risk. “Crypto assets may be securities that are offered without SEC registration or a valid exemption from registration, and may not be accompanied by complete or accurate information to aid investors in making informed decisions,” regulators wrote. In making their case against crypto, ... (full story)

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