Maker

2024

Coin

<ul class="news-points wp-block-list">
 <li><strong>The SEC alleges Cumberland of functioning as an unregistered broker since 2018.</strong></li>
 <li><strong>Cumberland defends itself and refuses to make adjustments to its business operations.</strong></li>
 <li><strong>The firm stays confident in its compliance framework and regulatory adherence.</strong></li>
</ul>
<p>Chicago-based crypto market maker Cumberland, the latest target of the SEC, is pushing back against the regulator’s allegations. The SEC sued Cumberland on Thursday for allegedly operating as an unregistered dealer and selling over $2 billion in crypto assets. Cumberland responded by refusing to change its business operations and expressing confidence in its compliance framework.</p>
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   <p lang="zxx" dir="ltr"><a href="https://t.co/xlz9ECFDYe" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xlz9ECFDYe</a></p>— Cumberland (@CumberlandSays) <a href="https://twitter.com/CumberlandSays/status/1844424478660624806?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 10, 2024</a>
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<h2 class="wp-block-heading" id="h-sec-alleges-unregistered-dealing-cumberland-cites-years-of-engagement">SEC Alleges Unregistered Dealing, Cumberland Cites Years of Engagement</h2>
<p>The Securities and Exchange Commission claims Cumberland has operated as an unregistered dealer since March 2018, buying and selling assets the SEC classifies as securities. The agency also stated that Cumberland traded securities as investment contracts through third-party exchanges.</p>
<p>However, Cumberland is fighting back against what it calls “overzealous regulators.” The company pointed to…</p>
<p>The post <a href="https://coinedition.com/cumberland-vs-sec-crypto-market-maker-fights-back-against-lawsuit/" rel="noopener noreferrer nofollow">Cumberland vs. SEC: Crypto Market Maker Fights Back Against Lawsuit</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Cumberland vs. SEC: Crypto Market Maker Fights Back Against Lawsuit

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