SEC:  Scheme Hid Markups From Investors In Pre-IPO Shares

(December 11, 2023, 2:34 PM EST) -- NEW YORK — Five individuals and companies associated acted as unregistered sales agents to sell unregistered securities offerings in private companies before their initial public offering (IPO) with a significant undisclosed markup in a scheme that saw them “pocket millions of dollars before investors made a dime,” the Securities and Exchange Commission says in a complaint filed in a federal court in New York....

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