Broker Can't Use Jarkesy To Slip SEC's Pre-IPO Fraud Suit
By Sydney Price ( March 3, 2025, 7:16 PM EST) -- A New York federal judge on Monday ordered an unregistered broker-dealer and its managing member to comply with the U.S. Securities and Exchange Commission's administrative order requiring them to pay roughly $3.5 million to settle claims they made over $65 million selling interests in a portfolio of companies that hadn't yet gone public....
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