The Securities and Exchange Commission (SEC) has issued an order to stop the investment solicitation activities of Chiyuto Creative Wealth Documentation Facilitation Services, which is hawking to the public a “double-your-money” roulette game.
In an order dated Feb.1, the SEC directed the Chiyuto group, a sole proprietorship and a one-person corporation (OPC), to cease and desist from selling or offering securities in the form of investment contracts until it has secured the necessary license.
The SEC enjoined Chiyuto and Creative Wealth OPC from transacting business involving funds in its depository banks and from transferring, disposing, or conveying related assets to preserve th…
Keep on reading: SEC orders Creative Wealth to stop investment-taking operations