On November 27th, the Securities and Exchange Commission (SEC) issued a press release updating its registry of unauthorized soliciting firms.
The U.S. Securities and Exchange Commission requires that all investment soliciting firms be registered with the agency and comply with specific financial and record-keeping regulations.
Twenty companies in total were added to the PAUSE (Public Alert: Unregistered Soliciting Entities) list, which includes 14 soliciting entities, 2 impersonator companies and 4 sham regulators.
The Securities and Exchange Commission strives to reduce the occurrence of scams and fraudulent activity by keeping investors well-informed.
The blacklisted companies include:
Impersonators:
Fake Regulators:
The purpose of the PAUSE list is to enable investors to be informed on the regulatory status of soliciting companies. Although, it is worthy of note that inclusion on the PAUSE list is not confirmation of a violation of United States federal securities laws.
These companies were found to be giving inaccurate information about their location, affiliation or registration.
The SEC enjoins investors to be aware before making investment decisions and to take precautionary measures against scams and fraudsters.
On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence
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