December 07, 2016 BY Valentina Kirilova

Firm settles charges for selling unregistered swaps involving pre-IPO companies

The Securities and Exchange Commission (SEC) announced that a San Francisco-based firm agreed to settle charges that it violated federal securities laws by failing to register security-based swaps that were offered and sold online to shareholders in pre-IPO companies. The SEC instituted an order finding that Equidate Inc. sought to provide liquidity for employees of…

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