The Securities and Exchange Commission (SEC) announced today that it has updated its list of unregistered entities that use misleading information to solicit investors, adding 29 soliciting entities, three impersonators of genuine firms, and one bogus regulator.
Of the 29 soliciting entities added to the PAUSE list, The Cryptotimes was able to identify 26 of them involved with crypto.
The SEC’s Public Alert: Unregistered Soliciting Entities (PAUSE) list is a list of unregistered entities that use misleading information to solicit investors. This list enables investors to better inform themselves and avoid becoming victims of fraud.
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.
The SEC’s PAUSE list is updated regularly as the SEC staff identifies new unregistered entities that are soliciting investors. The list includes the name of the entity, the type of investment product being offered, and the method of solicitation. You can check out the latest addition to the list here.
The PAUSE list is a valuable tool for retail investors to use when making their investment decisions,” said Jose M. Rodriguez, Chief of the SEC’s Office of Market Intelligence. “Investors should be aware that fraudsters often mimic genuine firms by using imposter websites.”
Also Read: SEC Accuses Binance.US of Non-Cooperation in Investigation
