EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

US Retirement Accounts Owners Warned About Crypto Investments

Admin by Admin
February 9, 2023
in Crypto News
0
Robbers Get Prison Sentence for Cryptocurrency Theft in Russia
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter
MMC MMC

The United States Securities and Exchange Commission (SEC) has warned owners of self-directed Individual Retirement Accounts (IRAs)to be wary of investing in crypto assets that may be unregistered securities or outright scams. 

In a bid to protect holders of self-directed Individual Retirement Accounts (IRAs) from falling victim to fraudulent crypto investment schemes, the US regulatory watchdogs, including the SEC, the North American Securities Administration Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) have released a new Investor Alert update.

For the uninitiated, a self-directed IRA is one controlled by a custodian that supports investments in alternative assets such as real estate, cryptocurrency, promissory notes, and other assets that are generally riskier than those offered by registered broker-dealers and investment advisers.

Moreover, the regulators noted that since self-directed IRA custodians are only responsible for storing and administering the assets in the portfolio and do not offer users investment advice or evaluate the quality or legitimacy of investments in the account, investors need to exercise utmost care when dealing with these accounts.

It’s worth noting that the SEC’s strict stance toward crypto has attracted criticisms from industry players of late, with Grayscale CEO Michael Sonnenshein stating that the regulator’s approach is stifling the growth of bitcoin in the US.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: Cryptocrypto investmentUS retirement
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Bored Ape And CryptoPunks Register First $1m NFT Sales Of 2023

Next Post

Dogecoin & Other Shiba Inu Cryptos Labelled as Garbage

Admin

Admin

Next Post
Dogecoin and shiba inu as garbage

Dogecoin & Other Shiba Inu Cryptos Labelled as Garbage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0

Defi (Decentralized Finance)

0
Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023
Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

March 27, 2023
Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

March 27, 2023

Recent News

Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023
Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

March 27, 2023
Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

March 27, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>