Private company share trader SharesPost and its chief executive, Greg Brogger, have agreed to pay penalties, of $80,000 and $20,000 respectively, to settle charges that the firm facilitated securities transactions without registering with the SEC as a broker-dealer.
Further, after the completion of the SEC’s investigation, SharesPost acquired a broker-dealer and its membership was approved by the Financial Industry Regulatory Authority, according to the securities regulator.
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