SEC Charges Broker For Not Using Ethereum Smart Contracts
The Securities and Exchanges Commission (SEC) has charged Michael Barry Carter for effectively not using ethereum based smart contracts.
He apparently just stole some of the funds clients entrusted with the broker which is unnamed but SEC says Carter is a financial advisor in the McLean, Virginia office of a large financial institution.
Had these funds been deposited in an ethereum smart contract instead, then Carter or anyone else would have not been able to just steal them as the code rules must be followed.
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