The SEC maintains a list of unregistered entities that it alleges uses misleading information to solicit non-US investors known as PAUSEor fake firms. It recently updated that list to add four firms that are impersonating real firms, and 9 bogus firms.
The list, known as the Public Alert: Unregistered Soliciting Entities (PAUSE) list, enables investors to better inform themselves and avoid being a victim of fraud.
Source: Securities Defense Lawyer Blog
Have a concern about an investment, or if you have done business with a firm on the list, call Sallah Astarita & Cox. The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions. We represent investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email.
