Soichiro Moro Subject of SEC Regulatory Action

Soichiro Moro (CRD #: 4856668), also known as Michael Moro, is a broker formerly registered with Genesis Global Trading. The SEC has taken regulatory action against Soichiro Moro, according to his BrokerCheck record, accessed on February 11, 2025. Read on to learn more about his alleged conduct as a broker.

SEC Regulatory Action

On January 17, 2025, the Securities and Exchange Commission initiated cease-and-desist proceedings against Soichiro Moro, alleging that he engaged in negligent conduct that misled investors while Chief Executive Officer of Genesis Global Capital.

The SEC alleged that Genesis Global Capital offered a lending program in which investors would earn yield in exchange for tendering crypto assets such as Bitcoin to the firm. Genesis Global Capital allegedly commingled investors’ assets and lent them to institutional borrowers, generating revenue by charging interest.

In June 2022, the firm allegedly experienced a significant financial loss due to a large borrower defaulting on their loan.

Soichiro Moro allegedly downplayed the impact of the default on the firm’s financial future, and overstated what the firm’s parent company, Digital Currency Group, did to assist the firm. The SEC alleged that he exhibited a lack of reasonable care that gave the public a materially false or misleading impression about his firm’s financial health.

In November 2022, Genesis Global Capital allegedly could not satisfy redemption requests and suspended withdrawals, then filed for bankruptcy in January 2023.

Sanctions

According to Soichiro Moro’s detailed BrokerCheck page, the SEC ordered him to cease and desist from violations of Section 17(a)(3) of the Securities Act of 1933 and to pay a civil penalty of $500,000.

Securities Act of 1933

Sections 17(a)(3) of the Securities Act of 1933 prohibits the use of deceptive practices to defraud customers participating in interstate securities transactions.

Background Information

Soichiro Moro has passed the following exams:

• General Securities Principal Examination – Series 24
• Operations Professional Examination – Series 99TO
• Investment Banking Registered Representative Examination – Series 79TO
• Securities Industry Essentials Examination – SIE
• Research Analyst Exam – Part II Regulations Module – Series 87
• Research Analyst Exam – Part I Analysis Module – Series 86
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for Genesis Global Trading (CRD#:136962) and Citigroup Global Markets (CRD#:7059).

Kurta Law Can Help

If you worked with Soichiro Moro and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.