The SEC is reportedly preparing to sanction money manager Felix Investments (likely with a fine)...

|By:, SA News Editor

The SEC is reportedly preparing to sanction money manager Felix Investments (likely with a fine) over its role in enabling stock sales for privately-held companies via SharesPost. The commission is said to be studying whether the trades carry a high risk of fraud due to the limited financial information available about the traded companies. SharesPost has drawn the scrutiny of the SEC before.