SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

The Securities and Exchange Commission today announced that it updated its Public Alert: Unregistered Soliciting Entities (PAUSE) list by adding 25 soliciting entities and four fictitious regulators. Additionally, the SEC is announcing enhancements to the PAUSE website, where the SEC provides the list of entities that falsely claim to be registered, licensed, and/or located in the United States, as well as entities that impersonate genuine U.S. registered securities firms and fictitious regulators, governmental agencies, or international organizations. This will allow Main Street investors to better inform themselves and avoid being victims of fraud. The entities on the PAUSE list have been the subject of investor complaints. The latest additions are firms that SEC staff found were providing inaccurate information about their affiliation, location, or registration to solicit primarily non-U.S. investors.