In the SEC's JOBS Act Lawsuit, a Message to Critics

The Securities and Exchange Commission (SEC) headquarters in Washington Photograph by Andrew Harrer/Bloomberg

The SEC announced a lawsuit on Thursday against a business in Spokane Valley, Wash., accused of defrauding 21 investors of about $400,000. The agency’s news release leads with charges that the company fooled investors “with claims to raise billions of investment capital under the Jumpstart Our Business Startups (JOBS) Act.”

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