The Texas Securities Commission and others are investigating FTX US and its founder, Sam Bankman-Fried (SBF), for allegedly offering unregistered securities services to U.S. residents in the form of yield deposit accounts that appear to be Similar to yield deposit accounts offered by companies like Voyager Digital. FTX US claims to be regulated by the U.S. Financial Crimes Enforcement Network (FinCEN), but it is not registered as a funds transfer entity or in any other capacity with the Texas Department of Banking, nor is it registered as a security with the Texas Securities Commission Dealers.