Texas Securities Board Added Cryptocurrencies to List of Top Threats to Investors

Texas regulators have included cryptocurrencies in their list of top threats to investors, according to the latest Texas Investor Guide.In its tenth anniversary edition of the State Securities Board’s “Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud,” the regulator added cryptocurrency to the list of investments that raise red flags and require careful scrutiny. The document specifically outlined that cryptocurrencies are extremely volatile and difficult to understand for a non-professional trader.The purported threatsAmong the purported threats, the report pointed out investment opportunities in cryptocurrency mining pools and initial coin offerings directed at seniors and retirees, who apparently prioritize security over speculation. T...