{"id":5308,"date":"2025-04-16T01:03:30","date_gmt":"2025-04-16T01:03:30","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/crypto-market-makers-barred-from-securities-industry\/"},"modified":"2025-04-16T01:03:30","modified_gmt":"2025-04-16T01:03:30","slug":"crypto-market-makers-barred-from-securities-industry","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/crypto-market-makers-barred-from-securities-industry\/","title":{"rendered":"Crypto \u2018Market Makers\u2019 Barred From Securities Industry"},"content":{"rendered":"\n<div data-v-e97bc92c=\"\">\n<div data-v-e97bc92c=\"\">\n<p>Two \u201cmarket makers\u201d who promoted microcap stocks and cryptocurrencies to hundreds of thousands of followers on Tuesday agreed with the U.S. Securities and Exchange Commission in Massachusetts federal court to receive lifetime bans from the securities industry.<\/p>\n<\/div>\n<p>  <!----> <!----> <!----><\/p>\n<div data-v-e97bc92c=\"\">\n<p>Maxwell Hernandez, known online as &#8220;MaxEquation,&#8221; and Russell Armand, who went by &#8220;Saitamaguru1,&#8221; were among four individuals, including Manpreet Singh Kohli, the former CEO of a $7.5 billion crypto company, who allegedly engaged in schemes to manipulate the markets for tokens \u201cSaitama Inu\u201d and \u201cSaitaRealty&#8221; that were offered and sold as securities to retail investors.<\/p>\n<\/div>\n<p> <!----> <!----> <!----> <!----><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two \u201cmarket makers\u201d who promoted microcap stocks and cryptocurrencies to hundreds of thousands of followers on Tuesday agreed with the U.S. Securities and Exchange Commission in Massachusetts federal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[5538,878,137,795,1923,1644],"class_list":["post-5308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-barred","tag-crypto","tag-industry","tag-makers","tag-market","tag-securities"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=5308"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/5309"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=5308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=5308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=5308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}