Compliance Corner: Securities And Exchange Commission, List Of Unregistered Entities

Editorial Staff October 31, 2022


The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.

The Securities and Exchange Commission has updated its list of unregistered entities that use misleading information to solicit primarily non-US investors, adding 35 soliciting entities, four impersonators of genuine firms, and four bogus regulators.

The SEC’s list of soliciting entities has been the subject of investor complaints, known as the Public Alert: Unregistered Soliciting Entities (PAUSE) list.

The latest additions are firms that SEC staff found were providing inaccurate information about their affiliation, location, or registration. 

As well as alerting investors to firms falsely claiming to be registered, the PAUSE list flags those impersonating registered securities firms and bogus regulators who falsely claim to be government agencies or affiliates. 

The SEC noted that if a firm is included on the PAUSE list, it does not mean that the SEC has found violations of US federal securities laws or made a judgment about the merits of any securities being offered.

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