Jul. 21 at 12:25 PM
$NCPL IN August 2022, the SEC charged Crown Bridge Partners and both Ahdoot brothers with operating as unregistered securities dealers. The SEC alleged that because the brothers routinely bought and sold massive volumes of penny stocks for their own account as a regular business, they were legally required to register as dealers or associate with a registered dealer—which they failed to do. Sepas and Soheil Ahdoot agreed to a final court judgment resulting in more than
$9 million in monetary relief. They also consented to a five-year penny stock and collateral bar, forcing them to surrender all remaining note conversion rights and cancel existing warrants. Following their exit from active microcap penny stock dealer activities, the brothers redirected their capital into Hudson Global Ventures. 😂😂😂
