Action against Defendant, a self-employed individual, for alleged fraud and registration failure. According to the SEC, Defendant solicited investment in private firms based on false claims that they would soon be taken public.  The SEC further alleges that Defendant failed to register as a broker-dealer despite earning transaction-based compensation.  Defendant has agreed to a security-solicitation bar and to pay disgorgement of $634,511, prejudgment interest of $18,606, and a civil penalty of $150,000.

SEC Complaint

SEC Litigation Release