Jul
06

SEC probes sale of hot private tech shares: Report

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SEC Securities and Exchange CommissionJim Bourg | Reuters

The Securities and Exchange Commission is investigating whether hedge funds and other investors are improperly selling shares of privately held technology companies, according to a report.

The investigation, which is in its early stages, comes amid a recent surge in the trading of pre-IPO shares, The Wall Street Journal reported Sunday, citing sources close the investigation…

SEC probes sale of hot private tech shares: Report

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