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FINRA report: Crypto marketing presents potential violations risk

Image of crypto exchange apps on a mobile phone.
Photo: Chesnot/Getty Images

Julie DiMauro

3 min read
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Roughly 70% of distributed materials between July and September 2022 reviewed by FINRA showed “potential substantive violations” of its Rule 2210.

In a report released on Tuesday, the Financial Industry Regulatory Authority (FINRA) said that roughly 70% of crypto-related communications reviewed as part of its recent survey contained “false, exaggerated, promissory, unwarranted or misleading” claims or otherwise violated guidelines on public communications.

FINRA said it reviewed more than 500 crypto asset-related retail communications

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