Regulatory News

SEC Charges Financier with Stealing Investor Funds in Purported Offerings of Pre-IPO Facebook Shares

FOR IMMEDIATE RELEASE
2013-44

Washington, D.C., March 19, 2013 — The Securities and Exchange Commission today announced charges against a financier masquerading as a sophisticated fund manager who defrauded investors seeking to acquire highly coveted pre-IPO shares of Facebook and other social media companies.

SEC Obtains Asset Freeze Against Massachusetts-Based Investment Adviser Stealing Money from Clients

FOR IMMEDIATE RELEASE
2013-43

Washington, D.C., March 18, 2013 — The Securities and Exchange Commission today announced an asset freeze against a Massachusetts-based investment adviser charged with stealing money from clients who were given the false impression they were investing in a hedge fund.