California’s Department of Financial Protection and Innovation (DFPI) is investigating the “apparent failure” of the embattled crypto trading platform FTX. DFPI is responsible for administering the state’s lending and banking laws, as well as the state’s consumer financial protection law and securities laws, which govern broker-dealers, investment advisers, and commodities. “We expect any person offering securities, lender, or other financial services provider that operates in California to comply with our financial laws,” the agency said in a statement Thursday. The FTX ...
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