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Senate Banking Committee Will Hear Today About Getting “Pig Butchered” and an Explosion in Crypto Con Men Preying on the Unwary

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Senate Banking Committee Will Hear Today About Getting “Pig Butchered” and an Explosion in Crypto Con Men Preying on the Unwary

By Pam Martens and Russ Martens: July 28, 2022 ~ The Senate Banking Committee will hear today from two witnesses at its hearing titled: “Protecting Investors and Savers: Understanding Scams and Risks in Crypto and Securities Markets.” On tap will be Melanie Senter Lubin, the Commissioner of the Maryland Securities Division, who also serves as President of the North American Securities Administrators Association (NASAA), a group that represents state and provincial securities regulators in the United States, Canada and Mexico. Also giving testimony will be Gerri Walsh, the President of FINRA Investor Education Foundation and Senior Vice President of FINRA Investor Education. FINRA is the self-regulatory body that oversees Wall Street’s broker dealers and licensed traders. It also runs the discredited private justice system for Wall Street firms called mandatory arbitration. In the written testimony that Lubin provided to the Senate Banking Committee, she reveals that surveys conducted by NASAA for … Continue reading


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