Monday, September 30,
2019 / 09:00AM / By US SEC / Header Image
US. 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 23 soliciting entities, two impersonators of genuine
firms, and 12 bogus regulators.
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.
In 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.
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.
to protect yourself:
FINRA Fines J.P.
Morgan Securities $1.1m For Failing To Timely Disclose 89 Allegations Of
2. NFIU Requests
For Information On All Accounts Of NASS, Members Of NASS And NJC From Banks
3. CBN Advises The
Public To Beware Of Fraudulent Loan Offer
4. SEC Wins Jury
Trial Against Broker Charged With Insider Trading
5. ASIC Consults On
New Guidance For Companies On Whistleblower Policies
6. NDIC 2018 Annual
Report - N15.15bn Lost To Fraud Incidences In 2018
Reporting Council of Nigeria Revokes "Rule 4"
8. DFSA Fines Two
Abraaj Group Companies A Total Of $315m For Deceiving Investors and The Regulator
9. SEC Continues
Verification of Dantata Investors
10. SEC Awards
Overseas Whistleblower $500,000 - Whistleblower Office Hits A Major Milestone
Compliance: A Guide for Mid-Sized Companies in Emerging Markets
12. SEC Commences
Verification of Claims of Unpaid Investors of Dantata Success and Profitable
Member Efforts to Deter
Mis-selling Of Complex Financial Products
14. NSE Proposes
Amendment to Rules On Board And General Meetings
15. SEC Issues
Circular on Unclaimed Dividends of Defunct Afribank Plc
16. NSE Amends Rules
on Application For Quotations
17. CBN Releases
Eligibility Criteria And Functional Training Areas Under AGSMEIS
18. NSE Amends Rules
On Online Trading
19. NSE Publishes
Derivates Market Rulebook
20. NSE Defers
Effective Date of The Rules on Release
Calendar For Regulatory Announcement