Cryptocurrency Promoters Shut Down by Texas Regulator-Austin, TX

May 2018-Austin, TX

The Texas State Securities Board (TSSB) entered emergency orders against the following unregistered promoters who are fraudulently offering high-return investments in cryptocurrencies:

  • Bitcoin Trading & Cloud Mining, Ltd. -also known as BRCRUSH-also named in the Cease and Desist Order are Jaylon Cross, Bruce Rodgerson, and Robin Lozinski, all of  London, UK, and Thomas A. Johnson of Panama City, Panama.
  • Forex EA & Bitcoin Investment LLC.-also named in the Cease and Desist Order are James Butcher and Richard Dunn of New York City.

According to the TSSB these companies are violating the Texas Securities Act by failing to disclose any material information about their principals, strategies, finances, and the extensive technical and regulatory risks of cryptocurrency-related offerings.

The TSSB issued an Investor Alert warning of the dangers of fraud found in cryptocurrency offerings. Link to the April 10, 2018 alert. 

Losses on cryptocurrency investments recommended by your registered stockbroker? 

Call for a no charge consultation to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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