A convertible note financing business and its owners settled SEC charges for failing to register as a securities dealer.
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The SEC charged a firm and its sole officer for failing to register as a dealer in connection with its "convertible notes business."
The SEC charged a broker-dealer for failing to file suspicious activity reports regarding OTC trades of low-priced securities. The SEC alleged the trades constituted a "red flag" as defined in the broker-dealer's own procedures.
The SEC charged individuals and companies in two fraudulent microcap schemes.
SEC Commissioner Hester Peirce offered recommendations to shift the agency's focus from enforcement to compliance.