SEC Seeks $5.7M Over Pre-IPO Facebook, Twitter Fraud
By Ed Beeson ( July 21, 2015, 3:10 PM EDT) -- The U.S. Securities and Exchange Commission on Monday asked a California federal court to impose $5.7 million in sanctions on a Santa Barbara money manager who allegedly duped investors with promises he would buy for them pre-initial public offering shares of Facebook Inc. and Twitter Inc....
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