PAUSE List adds 28 Soliciting entities, 3 Impersonators, and 6 Fake Regulators
According to a press announcement today, the Securities and Exchange Commission announced that it updated its Public Alert: Unregistered Soliciting Entities (PAUSE), a list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 28 soliciting entities, three impersonators of genuine firms, and six bogus regulators.
The PAUSE list includes soliciting entities that have been the subject of investor complaints, enabling investors to better inform themselves and avoid being a victim of fraud.
According to the regulator, 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.
The PAUSE list also 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.
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Tags: investment fraud, investor alert, PAUSE List, SEC fraud alert, SEC soliciting entities list, SEC unregistered entities, securities fraud Last modified: January 21, 2021