8 ms·
What the hell? Is there no penalty for advertising as being FDIC insured when client deposits are not? Plain as day I checked their tweets and they made a sta
by notch656a 4y ago
What the hell? Is there no penalty for advertising as being FDIC insured when client deposits are not? Plain as day I checked their tweets and they made a statement about FDIC insurance and the next sentence was telling you to start your crypto investment.
- ww520 4y agoIMO any non-FDIC entity advertising being FDIC insured is borderlining on fraudulent advertisement.
- qeternity 4y agoI mean technically they are FDIC insured…it’s just their “depositors” aren’t.
- oldgradstudent 4y agohttps://www.consumerfinance.gov/compliance/circulars/circular-2022-02-deception-representations-involving-the-fdics-name-or-logo-or-deposit-insurance/ https://www.consumerfinance.gov/compliance/circulars/circula...