ARKANSAS, USA — The Arkansas Securities Department announced it has joined a multistate settlement with TradeStation Crypto Inc. of Plantation, Florida, to resolve an investigation into the company’s cryptocurrency interest-earning program.

The investigation determined that TradeStation engaged in the unregistered offer and sale of securities via its cryptocurrency interest-earning program from August 2020 to June 2022. Under the program, investors passively earned interest on cryptocurrency assets by loaning them to TradeStation, which maintained discretion over the revenue-generating activities used to earn returns.

The Securities & Exchange Commission found that TradeStation offered and sold the interest-earning feature as a security, and since it did not qualify for a registration exemption, TradeStation was required to register the product.

To read more about this story out content partner Arkansas Business has the full story here. 

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