SEC Files Settled Charges Against Multiple Entities for Failing to Timely File Forms D in Connection With Securities Offerings

The Securities and Exchange Commission today announced charges against two private companies and one registered investment adviser for failing to timely file Forms D for several unregistered securities offerings in violation of Rule 503 of Regulation D. The parties charged are: GRID 202 LLC, a registered investment adviser which does business as Re-Envision Wealth; Pipe Technologies Inc., a privately held financial technology company; and Underdog Sports Holdings, Inc., a privately held corporation that operates an online fantasy sports website and mobile app. All offers and sales of securities must either be registered under the Securities Act or fall within an exemption from registration.