A group of 10 Democratic AGs sent a letter to the CFPB supporting its final rule establishing a registry of nonbank financial firms that are subject to enforcement orders for violating consumer protection laws. In the letter, the AGs opine that the registry will improve efficiencies in the CFPB’s and AGs’ consumer protection enforcement efforts…

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New York AG Letitia James settled with cryptocurrency company Gemini Trust Company, LLC to resolve allegations that the company violated the Martin Act and New York Executive Law by engaging in fraudulent and deceptive conduct towards investors and the public. According to the complaint, Gemini allegedly mispresented risks associated with certain investments and attempted to…

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New York AG Letitia James has filed a lawsuit against cryptocurrency companies Nova Tech, Ltd and AWS Mining Pty Ltd., along with their founders and promoters, alleging that the companies operated illegal pyramid and Ponzi schemes that defrauded investors of over a billion dollars in cryptocurrency in violation of the Martin Act and New York…

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New York AG Letitia James settled with cannabis dispensary companies I’m Stuck LLC and Empire Express Enterprises LLC and their owner (collectively “dispensaries”) to resolve allegations that the dispensaries violated state cannabis laws by operating illegally. According to the judgment, the dispensaries operated seven retail stores without a license and sold cannabis to underage customers.…

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New York AG Letitia James secured a $2 billion settlement with Genesis Global Capital, LLC, and related entities, to resolve allegations that the bankrupt cryptocurrency firms defrauded investors, violating the Martin Act and New York Executive Law.

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