SEC adds 29 firms to PAUSE list
The Securities and Exchange Commission (SEC) today announced that it updated its list of unregistered entities that use misleading information to solicit investors, adding 29 soliciting entities, three impersonators of genuine firms, and one bogus regulator.
The SEC’s list of soliciting entities that have been the subject of investor complaints, known as the Public Alert: Unregistered Soliciting Entities (PAUSE) list, enables investors to better inform themselves and avoid being victims of fraud. The latest additions are firms that SEC staff found were providing inaccurate information about their affiliation, location, or registration. Under U.S. securities laws, firms that solicit investors generally are required to register with the SEC and meet minimum financial standards and disclosure, reporting, and recordkeeping requirements.
In addition to alerting investors to firms falsely claiming to be registered, the PAUSE list flags those impersonating registered securities firms and bogus regulators who falsely claim to be government agencies or affiliates.
Inclusion on the PAUSE list does not mean the SEC has found violations of U.S. federal securities laws or made a judgment about the merits of any securities being offered.
The latest additions include:
- Apex376 Partners LLC
- Ask for Funding
- CFX Markets Global
- Dynamic Trade
- Metro Capitals Trading
- Morrison Lewis Law
- Platform Project Investment
- Porter and Rose Law
- Unifiedchase Ltd
- Vantage Financial Trust
The full list of additions can be viewed here.