The Securities and Exchange Commission (SEC) recently upgraded its Public Alert: Unregistered Soliciting Entities (PAUSE) website adding 25 soliciting entities and four false regulators and enhancing its accessibility for Main Street investors.
Created to protect retail investors from soliciting entities that fraudulently claim to be registered or licensed with the SEC or located in the United States, the PAUSE website is a compilation of information the SEC has collected from complaints submitted by investors, foreign regulators or others. After following up on the complaints, the SEC has determined that the listed entities have inaccurate information about their affiliation, registration, or location; however, inclusion on the website does not mean the entities have violated securities laws.
The site provides updated descriptions, educational materials, and improved search capabilities and has now been enhanced to be more user friendly. Now, Main Street investors may search and sort the unregistered soliciting entities by three categories, unregistered soliciting entities, fictitious regulators, and impersonators of genuine firms.
Investors will also find a wealth of educational information and resources to avoid falling victim to fraudulent firms or regulators, including information on conducting due diligence on firms and investments as well as different types of fraud.
Let Our Experience Work for You
If you are considering opening an investment advisory practice, Jacko Law Group and its team of attorneys can help you through the process to avoid inclusion on the PAUSE list or regulatory enforcement actions.
Our formation services include guidance on choosing the appropriate type of entity, obtaining a tax identification number, completing documents with regulators, developing disclosure documents, creating bylaws, policies and procedures, and maintaining books and records. Contact Jacko Law Group today at 619-298-2880.
A passionate securities and corporate law attorney, Conor M. Dale supports, guides and offers practical solutions for our clients. With an eye for risk mitigation, Mr. Dale achieves results for financial industry firms by offering ...
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