The Securities and Exchange Commission (SEC) has filed a lawsuit against Silvergate Bank for alleged securities fraud. The crypto-friendly bank failed to meet certain legal requirements including provisions in the Bank Secrecy Act and anti-money laundering regulations. Former Silvergate’s executives were also roped in the lawsuit. SEC Files Lawsuit Against Silvergate Bank The Financial Regular The post SEC Sues Silvergate Bank for Alleged Non-compliance appeared first on CoinGape .
