SEC Says Pre-IPO Stock Firm Was $70M Boiler Room Scheme

By Sydney Price ( February 4, 2025, 6:07 PM EST) -- The U.S. Securities and Exchange Commission has accused several New York City residents of participating in a fraudulent scheme in which sales representatives allegedly used high-pressure tactics to induce investments in private companies that had not yet held initial public offerings, while benefiting from the hidden fees charged to investors....

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