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March 15, 2012 01:00 pm GMT
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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wqyFAKaMczk/
Misleading Investors About Private Stock Sales Will Get You In Trouble, Registering With The Feds Wont
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wqyFAKaMczk/
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