US regulators file charges against SharesPost
Employees of hot web companies like Facebook have been selling shares to private investors for years, and a few firms have jumped in to take advantage of the situation. So naturally the Securities and Exchange Commission has taken an interest, too. After a lengthy investigation into the budding industry -- and ahead of a big Facebook initial public offering -- it's going after two stealthy financial groups as well as popular private market SharesPost.
US stock market regulators filed charges on Wednesday against SharesPost, which specializes in trading stock in private Internet companies such as Facebook before they go public.
Wed 14 Mar 12 from Phys.org
Misleading Investors About Private Stock Sales Will Get You In Trouble, Registering With The Feds Won't
Employees of hot web companies like Facebook have been selling shares to private investors for years, and a few firms have jumped in to take advantage of the situation. So naturally the Securities ...
Thu 15 Mar 12 from TechCrunch
WASHINGTON (AP) -- Federal regulators filed charges Wednesday against two managers of investment funds that buy stocks of privately held Internet companies including Facebook Inc. They were ...
Wed 14 Mar 12 from AP
WASHINGTON (Reuters) - Securities regulators took enforcement action against an online trading platform and two private funds offering Facebook shares on Wednesday, the first action in a year-long ...
Wed 14 Mar 12 from Reuters Technology
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