SEC Says $3M Facebook Pre-IPO Fraud Funded Day Trading
By Y. Peter Kang ( December 23, 2014, 10:23 PM EST) -- The U.S. Securities and Exchange Commission in California federal court on Tuesday accused a Santa Barbara-based man of raising $3.4 million from investors to buy pre-initial public offering shares of Facebook Inc. and Twitter Inc. and instead using the proceeds to fund his own money-losing day trading activities....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.