Gary Gensler:Based Upon How Crypto Trading and Lending Platforms Generally Operate, Investment Advisers Cannot Rely on Them Today As Qualified Custodians
Based upon how crypto trading and lending platforms generally operate, investment advisers cannot rely on them today as qualified custodians. To be clear: just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is.
Retail Investors Could Have Made $1.5B More, Says SEC Chair Gary Gensler
Gensler said more than 90% of retail investors’ marketable orders are routed to a small group of off-exchange wholesalers.
