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Cryptocurrency scheme promising ‘guaranteed, no-risk returns’ targeted by Texas regulators

Cryptocurrency scheme promising ‘guaranteed, no-risk returns’ targeted by Texas regulators

Royer has 31 days to request a hearing before the order becomes final and non-appealable. Violating the cease-and-desist constitutes a third-degree felony punishable by a fine of up to $10,000 or a prison sentence of up to 10 years, according to the order signed Wednesday by Texas Securities Commissioner Travis Iles.







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