Law Offices of Vance R. Koven | Latest Blog

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617-291-8171 | info@vancekoven.com | LinkedIn

Law Offices of Vance R. Koven | Latest Blog

Insure For When the SEC Knocks

Wednesday, April 18, 2018

An article published yesterday caught my eye in that it focused on a previously unremarked aspect of a Securities and Exchange Commission (SEC) enforcement action I have been following. It's worth mentioning here. A month or so ago the SEC brought a civil lawsuit against the founder of Mozido, a financial technology (fintech) company, alleging that he had fraudulently induced investors into putting money into companies he controlled, giving the investors to believe that they were investing in Mozido itself (Mozido is not a party to the SEC action). The factual settin  ...read more