FINRA says 70% of crypto communications it reviewed violated rules

Quick Take

  • FINRA found some common themes in a sweep of its member firms, including false statements that crypto functioned like cash or cash equivalents, according to a report released on Tuesday. 

A top watchdog overseeing brokerage firms and exchange markets says 70 percent of communications about crypto may have violated its rules to be fair and balanced with the public. 

The Financial Industry Regulatory Authority, or FINRA, found