SEC Advises Brokers, Investment Advisers to Increase Scrutiny When Making Crypto Advice

The U.S. Securities and Exchange Commission (SEC) is recommending that brokers and investment advisors need to increase scrutiny when making crypto recommendations to ensure risky products are in the best interests of their clients, CoinDesk reported. "Certain products are more complex or have additional risk characteristics that may make it more difficult for companies and their financial professionals to understand," the SEC said.