4 ms·
> In this case, CFTC came at us with claims that we were breaking rules and then required us to prove that we were not. Just looking at our website it was very
by jlarocco 4y ago
> In this case, CFTC came at us with claims that we were breaking rules and then required us to prove that we were not. Just looking at our website it was very clear what we were doing and what we were selling (education content), and there was not a hint of anything to suggest that we were selling investments or commodities. Even still, we had to give our corp attorney annotated screenshots of our website, illustrating exactly what our business was, and have that sent back to CFTC.
Obviously I don't know the full story, but there really should be more diligence than just reading your website and taking your word for it, so I can't fault them just for requesting more information.