The Texas State Security Board (TSSB) issued a cease-and-desist order May 8 to a Bitcoin investment company that reportedly offers unregistered securities and makes deceiving statements that mislead investors.
An official notice was issued to Forex EA & Bitcoin Investment LLC, represented by two individuals, James Butcher and Richard Dunn. The TSSB, according to the order, alleges that the company is involved in “fraud in connection with the offer of investments in the forex and Bitcoin trading program” and “materially misleading and deceptive practices.” The order says: