SEC Investigates Whether FTX Investors Followed Due Diligence Procedures (Report)

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SEC Investigates Whether FTX Investors Followed Due Diligence Procedures (Report)
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The watchdog supposedly requested several financial firms to explain how they decided to become FTX cusomers.

The US Securities and Exchange Commission has reportedly asked some FTX investors whether they conducted proper research on the cryptocurrency exchange before becoming its clients.

The SEC’s inquiry aims to determine the investors’ incentive to choose the crypto platform and whether they followed any strategies at all.

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