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Abra to Open Withdrawals After Settling with Texas Regulators

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Abra to Open Withdrawals After Settling with Texas Regulators

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The agreement, if honored, will dismiss a rash of enforcement actions over Abra’s offering of its Earn and Boost investment products at a time when it was nearly – if not completely – insolvent, according to the TSC. The TSC alleged the products were securities, meaning the registration of both products falls under the agency’s purview.

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