OCIE Prioritises Cryptocurrency as a High Risk Market for Investors in 2019

In a report by the Office of Compliance Inspections and Examinations (OCIE) of the US Securities and Exchange Commission (SEC), the cryptocurrency space has been named as a priority. The body states that the industry may pose high levels of risk to retail investors.The OCIE oversees thousands of investment advisers, mutual funds and ETFs, and broker-dealers, along with many agents, advisers, and various exchanges. The body’s stated mission is aid the SEC in protecting investors, maintaining the fairness and efficiency of markets, and the easing of capital formation by way of inspections and examinations of various market participants.Cryptocurrency Space in Grows Tandem with Potential RisksIn the document stating the priorities of the SEC’s OCIE for 2019, the inspections division of the financial regulator acknowledged the parabolic growth of the cryptocurrency industry. According to the body, such a rapid growth presents enhanced risk for retail investors.The OCIE document stats that the…

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