The SEC formally charges SharesPost with engaging in security transactions without registering...

|By:, SA News Editor

The SEC formally charges SharesPost with engaging in security transactions without registering as a broker-dealer after the company created a splash by offering a medium to trade shares of companies like Facebook, Twitter, and Zynga before they went public. Separately, the agency alleges that two money managers at private investment funds misled investors and pocketed undisclosed fees and commissions in transactions related to pre-IPO stock. (complaint)