SEC takes action against two former Linqto executives
- From 2021 to 2024, a subsidiary sold retail investors more than $430 million worth of SPV interests
- Interests were priced above fair value; claims that they were sold out and that prices were adjusted by an algorithm were actually based on manual intervention
The SEC has asked the court for an injunction, disgorgement of proceeds, and a ban preventing the two from serving as executives or directors of public companies. Pre-IPO interests are facing closer compliance scrutiny, making them harder to pitch in the short term.
For those of you holding exposure to private-company equity, what’s your cost basis? At these levels, would you add or get out first?
$ONDO $BTC $ETH
#SEC监管 #RWA
- From 2021 to 2024, a subsidiary sold retail investors more than $430 million worth of SPV interests
- Interests were priced above fair value; claims that they were sold out and that prices were adjusted by an algorithm were actually based on manual intervention
The SEC has asked the court for an injunction, disgorgement of proceeds, and a ban preventing the two from serving as executives or directors of public companies. Pre-IPO interests are facing closer compliance scrutiny, making them harder to pitch in the short term.
For those of you holding exposure to private-company equity, what’s your cost basis? At these levels, would you add or get out first?
$ONDO $BTC $ETH
#SEC监管 #RWA