"Fenwick's public pronouncement of its venture capital and regulatory expertise contributed to the misleading notion that Prime took regulatory compliance seriously and lent credibility to Prime's claims of compliance, competence, and innovation."
"The consequences of Prime Trust's operation in multiple states without a money transmitter license were significant. Along with any regulatory penalty, state enforcement actions against Prime Trust eroded its reputation as a legitimate, well-run, regulatorily compliant operator."
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