SEC alleges firm overcharged investors by inflating fund values.
Direct listing would allow companies to sell shares in opening auction on first day on exchange.
SEC says International Investment Group sold at least $60 million in fake loan assets.
Ruless Pierre, who targeted family and friends, could face 45 years in prison.
Pension giant scolds regulator for attempt ‘to solve problems that simply do not exist.’
Online auction portal allegedly made investors sign confidentiality agreements prior to distributing returns.
What Defines ‘Materiality’? CalPERS’ CEO Likens New SEC Disclosure Rules to Allowances in Sexual Harassment
Victims were lured with the promise of gains from alternative energy tax credits.