Texas Regulators Issue Emergency ‘Cease & Desist’ Orders Against ‘FxBitGlobe’ Platform.

An official ‘legal notice‘ from the Texas SSB [State Securities Board], dated earlier on 9th April, shows that the regulators have issued an emergency ‘Cease and Desist’ order against the cryptocurrency & foreign currency trading platform namely ‘FxBitGlobe’.

In line with the new order, the firm, that markets & promotes itself as an investment firm, reportedly announced forged government documents, used a faux address and incorrectly claimed to be a registered firm as broker-dealer in Texas.

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The document outlines that the service offers multiple investment plan tiers — with the best tier accepting $50,000 USD or more – payable in both fiat currency and ‘cryptocurrency‘.

The investment tiers allegedly offer investors access to numerous “service plans,” each of which promise the, corresponding major daily profits and weekly payouts. the biggest tier promising the best highest guarantees investors a monthly return of around 70% alongside a 40% to 45% capital insurance, the document added.

As ‘reported‘ earlier, North Dakota Securities Commissioner named ‘Karen Tyler’ proclaimed that the agency had issued ‘Cease and Desist’ orders against three companies for allegedly offering unregistered and unlawful securities within the form of ICOs [Initial Coin Offerings].

Just recently, earlier in the month of February, Texas’ securities regulator ‘proclaimed‘ that it had reached an agreement with four cryptocurrency firms, that it had accused of selling unregistered securities.