Government Seeks Stay Of SEC Case Against Alleged Fraudsters Due To Criminal Case

(January 23, 2024, 2:28 PM EST) -- NEW YORK — The U.S. government moved to intervene in a civil case brought by the Securities and Exchange Commission against five individuals and associated companies for allegedly selling unregistered securities in private companies before their initial public offerings (IPOs), with the government seeking a stay of the civil case until the culmination of a parallel criminal case brought by the Department of Justice....