RE: Arise Bank raided by SEC, Interview with J Rice Snr confirms.

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Arise Bank raided by SEC, Interview with J Rice Snr confirms.

in cryptocurrency •  7 years ago 

That looks like the old original cease and desist notice served to them on Jan 5, and which they responded to publicly here on Steem. According to this coindesk article, "since no submission was received, the department said the order is final and non-appealable".

So did AriseBank reply to Cease and Desist notice here, but not actually mail them a reply?

Certainly, the timeline of the end of the appeal period ending and AriseBank still using the word "bank" would be consistent with action being taken, but that document is not the required evidence we need to substantiate the claim of a raid.

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Thanks for sharing the link to their public response. I had not seen it. There is some interesting reading out there.