SEC Fines Unlicensed Brokers $2.7M In Microcap Stock Case

By David Minsky (June 17, 2024, 7:26 PM EDT) -- The U.S. Securities and Exchange Commission ordered two unlicensed brokers, including one from Florida, to collectively pay a $2.7 million fine for allegedly scamming elderly people into buying microcap shares in companies and lying that the stock was being offered to them at a discount....

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