Action against Defendants, a broker, its CEO, and its affiliate, for alleged offering fraud.  According to the SEC, Defendants offered foreign investors the opportunity to trade in U.S. stocks but instead provided the investors with singe-security contracts for difference, misappropriated investor funds, and failed to fulfill any withdrawal requests from customers.  The SEC also alleges that Defendants failed to transact on a registered national exchange and register as a broker.

SEC Complaint

SEC Litigation Release