FINRA Fines TradeStation Securities for Misleading Crypto Communications LeapRate
The Financial Industry Regulatory Authority (FINRA) has fined TradeStation Securities $85,000 for distributing misleading retail communications about crypto asset services.
FINRA stated that between July and September 2022, TradeStation issued promotional materials across its website, emails, and social media platforms that failed to clearly state that crypto assets were not offered through TradeStation itself but through an affiliated entity.
The affiliate was not a FINRA member or registered broker-dealer.
According to FINRA, some communications gave the impression that TradeStation directly offered cryptocurrencies, listing them alongside regulated assets like stocks and ETFs.
The regulator argues that a video posted…
