SEC boots California RIA linked to crypto, private funds
"Nobody knows what’s happening internally in these pooled funds at the retail level," said one plaintiff's attorney.
The Securities and Exchange Commission last week revoked the license of Lufkin Advisors of San Mateo, Calif., after charging the firm and its owner, Chauncey Lufkin, with fraudulent conduct involving crypto assets and private funds.
According to the settlement dated June 26, Lufkin agreed to the
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