Texas issues emergency stop orders for two individuals suspected of promoting fraudulent cryptocurrency investment schemes

Odaily Planet Daily News: Texas regulators have recently issued emergency stop orders against two individuals, Darrell Porter and Eric Ture Muhammad, who are suspected of promoting fraudulent cryptocurrency investment plans. The investment plan is reportedly related to Trage Technologies, promising high returns through digital asset arbitrage trading, but actually misleading investors. Trage Technologies is accused of falsely claiming to be registered with the US Securities and Exchange Commission (SEC) and using illegal multi-level marketing strategies, posing significant risks to retail investors.. Texas officials pointed out that the company neither restricted sales to qualified investors nor verified their qualified investor status, therefore it does not meet the requirements of Regulation D. The accused party has 31 days to raise objections to the cease and desist order. （(Bitcoin.com)）