From wikipedia:
Quote:
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Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc., which is headquartered in Hong Kong and registered in the British Virgin Islands. Their customers' money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships
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SEC is there for regulating Securities in the USA. Not currency, and certainly not counterfeit operations run out of tax havens. And that Kodak can pull the shit they pull, it's pretty clear SEC doesn't have the resources to do its job as it is.
Given where Bitfinex is operating from, it may be that nothing short of CIA + US military can police their USDT operations. The only thing that keeps USDT running is people's confidence that USDT can be used to buy / sell crypto on exchanges.
Best bet is to keep your assets and wealth off the exchanges. Make the trade then put it in your own wallet / bank account.