Tag: boiler_room

SEC Charges Boiler Room Operator in $74 Million Pre-IPO Scam

14 Aug 2026 5:11 p.m.

The SEC has charged Andrew Spaventa and three entities with fraud in a $74 million pre-IPO investment scam, alleging unregistered securities offerings defrauded retail investors.

Business Law Enforcement Politics and Government Economy Financial Markets Legal Federal Government SEC Andrew Spaventa Fraud Pre-IPO Investment Securities Offerings Retail Investors Boiler Room