The Securities and Exchange Commission today announced that it updated
its list of unregistered entities that use misleading information to
solicit primarily non-U. S. investors, adding 55 soliciting entities,
four (4) impersonators of genuine firms, and five (5) bogus
The SEC’s list of soliciting entities that have
been the subject of investor complaints, known as the Public Alert:
Unregistered Soliciting Entities (PAUSE) list, enables investors to
better inform themselves and avoid being a victim of fraud. The latest
additions are firms that SEC staff found were providing inaccurate
information about their affiliation, location, or registration. Under
U. S. securities laws, firms that solicit investors generally are
required to register with the SEC and meet minimum financial standards
and disclosure, reporting, and recordkeeping requirements.
addition to alerting investors to firms falsely claiming to be
registered, the PAUSE list flags those impersonating registered
securities firms and bogus “regulators” who falsely claim to be
government agencies or affiliates. Inclusion on the PAUSE list does
not mean the SEC has found violations of U. S. federal securities laws
or made a judgment about the merits of any securities being offered.
The PAUSE list is periodically updated by the SEC’s Office of
Market Intelligence, in coordination with the Office of Investor
Education and Advocacy and the Office of International Affairs.
How to protect yourself:
Visit Investor. gov for tips
on investing wisely and avoiding fraud.
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