SEC Goes After Private Companies

The SEC's recent enforcement actions against private companies, including Theranos and its executive as well as Jumio and founder CEO, demonstrate that they are not immune from scrutiny under the federal securities laws. In the April 2, 2019, settlement resolving the SEC enforcement action involving Jumio, Inc., the SEC alleged that the CEO “defrauded investors by providing them with materially misstated financial statements that purported to show that Jumio had earned significantly more revenue and profits than it actually did.” Andersen Sleater Sianni represents investors that have been defrauded. Click here to read more about SEC's recent actions.

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