USFIA a Ponzi scheme, SEC granted summary judgement

In an effort to save time, last month the SEC filed for summary judgement against Steve Chen. Chen opposed the filing and argued, among other things, that summary judgement would deprive him of a jury trial. Last we checked in the SEC had filed a reply to Chen’s opposition. The regulator claimed there was “undisputed [Continue reading...] Source: USFIA a Ponzi scheme, SEC granted summary judgement

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