U.S. regulators fine RallyRd’s RSE markets for operating as an exchange

U.S. securities regulators said late Wednesday they settled charges against RSE Markets Inc., which operates the collectibles website RallyRd, for operating as an unregistered exchange. Between July 1, 2018, and Nov. 20, 2021, RSE operated a platform that allowed U.S.-based retail investors to buy and sell securities without proper registration and offering no protections for investors, the U.S. Securities and Exchange Commission alleged.

... U.S. securities regulators said late Wednesday they settled charges against RSE Markets Inc., which operates the collectibles website RallyRd, for operating as an unregistered exchange. Between July 1, 2018, and Nov. 20, 2021, RSE operated a platform that allowed U.S.-based retail investors to buy and sell securities without proper registration and offering no protections for investors, the U.S. Securities and Exchange Commission alleged.

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