New York Attorney General Letitia James New York Attorney General Letitia James. Photo: Ryland West/ALM

In a lawsuit filed in Manhattan Supreme Court Monday, state Attorney General Letitia James accused the cryptocurrency company Nexo of violating New York law by acting as an unregistered broker of securities and commodities. James sued Nexo under the Martin Act, New York’s “blue sky” law aimed at protecting investors from fraud, and another state law dealing with “repeated and persistent fraud.”

The lawsuit was filed the same day that state securities regulators in California, Kentucky, Maryland, Oklahoma, South Carolina, Washington, and Vermont each filed their own administrative actions against Nexo.

 

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