Regulation· ★★★· bearish·

SEC sues two pre-IPO funds over alleged investor fund misuse

  • —Beyond Alpha Ventures raised over $8.7 million from 35 investors
  • —The fund touted returns of up to 153% but moved money into losing options trades
  • —Meyer Global Management raised at least $18.5 million from about 100 investors from 2019 to 2024
  • —The SEC seeks permanent injunctions, disgorgement and civil penalties
Why it matters: The case highlights that pre-IPO products tied to crypto names can be fraudulent and signals continued SEC scrutiny of such offerings.
Source: TokenPost
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