The Alabama Securities Commission and other regulators are investigating Genesis Global Capital. Genesis Global Capital suspended redemptions following the FTX crisis.
Key Takeaways The Alabama Securities Commission and other state regulators have begun investigating Genesis Global Capital.
The investigation focuses primarily on Genesis’ relationship to retail investors and the connections between crypto firms.
Genesis Global Capital suspended redemptions November 16, preventing customers from accessing their funds.
Share this article The Alabama Securities Commission and other state regulators are investigating Genesis Global Capital. Share this articleThe Alabama Securities Commission and other state regulators are investigating Genesis Global Capital. Although Borg didn’t specify which states were involved in the investigation it’s possible that the regulator’s past activities may be helpful. In an investigation into bankrupt crypto lender Celsius, the Alabama Securities Commission was joined by New Jersey, Kentucky, and Texas securities regulators. This suggests that at least some of these states may be involved in the Genesis case. In the past, state regulators from Washington, Vermont, Oklahoma, and Washington were involved in similar investigations. Decentral Media, Inc. does not provide investment advice. We do not provide personalized investment advice or any other financial advice. This website’s information is subject to change at any time. The information on this website could become obsolete or incorrect. You may not be able to update any information that is outdated, incomplete or inaccurate. We also reserve the right to change any information that is incorrect, incomplete or outdated. If you need investment advice about an ICO, IEO or other investment, we strongly recommend that you consult a licensed financial advisor or other qualified financial professional. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.See full terms and conditions.Recommended News