–
U.S. securities regulators on Monday ordered the operator of a stock exchange, which allowed clients to use Bitcoin to trade in certain securities, to pay $68, 000 to resolve claims that he did not register the exchanges.
Ethan Burnside and his company BTC Trading Corp operated two online exchanges through which account holders could buy, sell and trade securities of companies in the virtual currency business between 2012 and 2013, the Securities and Exchange Commission said.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Burnside and BTC neither admitted nor denied the charges.
Burnside agreed to be barred from the securities industry but will be able to reapply after two years. His lawyer could not be immediately reached for comment.
The exchanges had solicited more than 10, 000 users who had opened online accounts and executed more than 425, 000 traders, the SEC said.
