Neweraeducation.com Cease and Desist Order - $1.4M Cryptocurrency Scam

Thu, 16 Apr 2026 22:44:36 +0000
Securities

The Arkansas Securities Commissioner issued a Cease and Desist Order against Neweraeducation.com for violating the Arkansas Uniform Money Services Act. The order found that New Era operated an unlicensed cryptocurrency trading platform that defrauded at least one Arkansas customer of over $1.4 million. The platform falsely claimed affiliations with Blackstone, Coinbase, and J.P. Morgan. New Era is not licensed with the Arkansas Securities Department in any capacity to engage in money transmission.