FINRA Fines Tezos Cofounder $20k For Morgan Stanley Disclosure Failures
Cointelegraph
Published Apr 20, 2018 07:16AM ET
Updated Apr 20, 2018 08:32AM ET
FINRA Fines Tezos Cofounder $20k For Morgan Stanley Disclosure Failures
US regulators have fined Tezos cofounder Arthur Breitman $20,000 and barred him from broker-dealer interaction until 2020, Reuters reports April 20.
According to an agreement between Breitman and Wall Street’s Financial Industry Regulatory Authority (FINRA) sealed April 18, a failure to disclose “outside business activities” related to Tezos while working for Morgan Stanley (NYSE:MS) triggered the penalties.
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