Several U.S. state regulators are looking into whether crypto investment bank Genesis Global Capital may have violated securities laws, according to a report from Barron’s.

The report said that Alabama Securities Commission Director Joseph Borg indicated that his agency and several other states are involved in the investigations, which focus on whether Genesis and other companies persuaded residents of their states to invest in crypto securities without having the proper registrations. Borg did not name the other companies being investigated.

Neither Genesis nor the Alabama Securities Commission responded immediately to requests for comment.

(By Nelson Wang)