SEC Now Investigating Brokers Working With Private Companies

 Sources have revealed that the SEC is close to bringing a case against Felix Investments. The Manhattan based brokerage firm was known for its involvement with tech startup's trades, particularly in the social networking sector. Such companies have become much more commonly traded in recent years. It appears that the company will be charged with soliciting investors in a way that contravenes securities laws. Felix was involved in obtaining investors for social networking platforms such as Facebook and Zynga before the companies were to be traded publicly. The strategies employed by the...