Texas regulators recently issued an emergency cease and desist order to two individuals, Darrell Porter and Eric Ture Muhammad, who were suspected of promoting a fraudulent cryptocurrency investment scheme. The investment scheme, allegedly associated with Trage Technologies, promised high returns through digital asset arbitrage trading, but actually misled investors. Trage Technologies was accused of falsely claiming to be registered with the U.S. Securities and Exchange Commission (SEC) and using illegal multi-level marketing strategies that posed significant risks to retail investors. Texas officials pointed out that the company neither restricted sales to qualified investors nor verified their status as qualified investors, and therefore did not meet the requirements of Regulation D. The accused parties have 31 days to object to the cease and desist order. (Bitcoin.com)