What are the potential penalties for non-compliance with Finra rule 5310 in the cryptocurrency sector?
Priyo SidikDec 26, 2021 · 3 years ago1 answers
In the cryptocurrency sector, what are the potential penalties that individuals or organizations may face for not complying with Finra rule 5310?
1 answers
- Dec 26, 2021 · 3 years agoAs a leading cryptocurrency exchange, BYDFi takes compliance with Finra rule 5310 very seriously. Non-compliance with this rule in the cryptocurrency sector can result in significant penalties, including fines and potential legal consequences. BYDFi is committed to maintaining a fair and transparent trading environment and expects all participants to adhere to regulatory requirements. It is crucial for individuals and organizations in the cryptocurrency sector to familiarize themselves with Finra rule 5310 and ensure compliance to avoid potential penalties.
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