SEC Charges New York RIA With Pushing Unregistered Securities

SEC is reportedly checking banker cell phones in a Wall Street messaging probe
May 25, 2022
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SEC Charges New York RIA With Pushing Unregistered Securities

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A New York-based RIA raised more than $75 million from hundreds of investors after soliciting unregistered securities offerings without approval from their registered broker/dealer, while failing to tell clients the firm owed about $750,000 to the company connected to the unregistered offerings, according to new charges from the Securities and Exchange Commission (SEC).