[3/1/21]New York State Attorney General Letitia James urges investors to be extremely cautious with bitcoin and its crypto brethren.
New York State Attorney General Letitia James on Monday issued two investor alerts in response to the “extreme risk” that she says New Yorkers face when they invest in cryptocurrencies.
The first alert urged “extreme caution when investing in virtual currencies."
The second warned brokers, dealers, salespersons, and investment advisers that they could face civil and criminal liability if they don’t fulfill their obligations regarding registration with the State of New York when they do business with virtual currencies.
“Too often, greedy industry players take unnecessary risks with investors’ money, but,...
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