Compliance inspection imminent?
Former Chief of the SEC’s Office of Internet Enforcement, John Reed Stark, has issued a stern warning to Morgan Stanley about its recent foray into Bitcoin ETFs. Stark criticized the bank's move, suggesting it could trigger "the largest SEC and FINRA examination sweep in history." Last week, Morgan Stanley, a major U.S. financial institution, began offering Bitcoin ETFs to its clients, signaling a significant step for institutional cryptocurrency adoption.
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