© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at its headquarters in Washington, DC, U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo
(Reuters) – Cryptocurrency platform TradeStation Crypto will pay $3 million to resolve charges from the U.S. securities regulator and several states that it offered and sold unregistered securities through an interest-bearing program.
TradeStation failed to register its crypto lending product that allowed U.S. investors to deposit or purchase assets on TradeStation's platform in exchange for yield, the Securities and Exchange Commission said. The product was offered to customers starting in 2020 and closed in 2022.
