Local regulators opened thousands of investigations, handed down millions in sanctions
Model rules allow brokers to use continuing education to maintain status
Regulators warn investors against advice, investments pitched in virtual worlds
Model rule, if implemented by regulators, would add enforcement teeth to arb awards, sanctions
Increased regulation may raise compliance costs but attract more investors, Fitch says
BlockFi agreed to a US$100-million penalty and to seek registration
Dozens of state and federal regulators charge that investors were duped by false claims
Stories of "crypto millionaires" have led to big bets and big losses
U.S. firms continue to put their own interests ahead of clients' interests, regulators say
Proposed rules aim to address unpaid compensation to harmed investors