BAM Trading in the Hot Seat for Selling Staking Program As Unregistered Security

BAM Trading's Staking Program allegedly offered unregistered securities to investors.

BAM Trading's Staking Program, introduced around February 2020, is under scrutiny for allegedly offering unregistered securities. Marketed as a hassle-free way to earn passive income through crypto staking, the program capitalizes on Proof of Stake consensus mechanisms and pooling assets. It appeals to investors by offering competitive yields and advantages over independent staking.

BAM Trading determines staking terms and rewards, retaining discretion over these processes. Investors risk loss if BAM Trading fails to perform as a validator or faces penalties. The program requires an investment of crypto assets and combines assets in common pools, sharing rewards proportionally. This article delves into the regulatory concerns and expectations of profit associated with BAM Trading's Staking Program.

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