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Alleged $68 Million Silver-Tongued Investment Scheme Leads to Securities Ban

The CFTC and a group of 29 state actors, including the Maryland AG’s office and other state regulators, settled with Safeguard Metals, LLC and its owner to resolve allegations that the precious metals dealer violated the Commodity Exchange Act and state laws with a fraudulent scheme targeting the retirement accounts of elderly individuals. The lawsuit…

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AGs Ask Congress for Joint Effort in Making Banking Services Accessible to Cannabis Industry

A bipartisan coalition of 22 AGs sent a letter asking Congressional leaders to advance the Secure and Fair Enforcement Regulation (SAFER) Banking Act of 2023 to increase access to regulated banking and financial services for state-licensed cannabis businesses.

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Stakes Are High for Unregistered Cryptocurrency Sales

Maryland AG Anthony Brown filed an action against cryptocurrency company Coinbase, Inc. and its parent company alleging that the company violated the Maryland Securities Act through the sale of unregistered crypto asset staking offerings. According to the cease and desist order, Coinbase allegedly failed to register its staking offerings in Maryland, thus depriving Maryland investors…

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EPA’s PFAS Drinking Water Rule Wins AG Support

A coalition of 17 AGs filed comments in support of an EPA proposal that would set enforceable national drinking water standards for six per- and polyfluoroalkyl substances (PFAS). The AGs’ comments emphasize that the residents of their states face substantial threats from PFAS and argue that the EPA has authority to set national standards for…

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PFAS-t and Furious: Five More AGs Sue “Forever Chemical” Manufacturers

Arizona AG Kris Mayes, Maryland AG Anthony G. Brown, Oregon AG Ellen Rosenblum, Rhode Island AG Peter Neronha, and Washington AG Bob Ferguson filed separate lawsuits against manufacturers of per- and polyfluoroalkyl substances (PFAS) for alleged violations of state environmental and consumer protection laws related to PFAS contamination in their respective states’ waterways. The Arizona,…

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