The Latest Breaking News from Adit

SEC settles charges over SpaceX, Klarna, pre-IPO share fraud

The SEC alleged that the investment adviser had used "false claims and promises" to solicit investments in Adit-managed funds and used client money for the firm's own benefit, including by taking unsecured loans ‌on favorable terms ⁠without ⁠disclosure to clients.

The Economic Times · Aug 11