The SEC warns about investments in self-directed retirement accounts that may involve cryptocurrencies

2023-02-08 09:57:39
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ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) warns that self-directed Individual Retirement Accounts (IRAs) may contain cryptocurrencies, but these crypto assets may be securities offered without SEC registration or a valid exemption, and may not come with complete or accurate information to help investors make informed decisions.

The SEC also warns that many trading platforms for these crypto assets refer to themselves as "exchanges," which may give investors the false impression that they are registered with the SEC. (Source link)

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