The US Securities and Exchange Commission and Commodity Futures Trading Commission (CFTC) have issued charges against broker 1pool Ltd., aka 1Broker, due to violations of federal laws, conducting trades without observing investment limits and non-compliance with Anti-Money Laundering (AML) policies.

An undercover FBI agent had conducted a sting operation to gather evidence against the broker, and the FBI has seized the 1broker.com domain.

The SEC has begun cracking down on bad actors in the crypto space in earnest, with PlexCoin owners being charged recently as well.

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