An investment firm in Richmond specializing in commercial property flipping has been suspended for violating securities laws.
Genesis had been registered as an exempt market dealer firm, allowing it to sell securities to investors without a prospectus — a document that outlines the nature of the investment and its risks. The commission stated Genesis “primarily distributes the securities of a related-party fund, Manna Industrial Property Limited Partnership .
The commission stated it imposed various conditions on Genesis’ registration in February after a compliance review revealed “significant deficiencies” and Genesis subsequently failed to meet all of the conditions.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: