SEC v. LFS Funding Limited Partnership

Ross Gregory Erskine allegedly solicited prospective investors to purchase interests in LFS Funding Limited Partnership, providing them with private placement memorandums that contained materially misleading statements between approximately May 29, 2018, and May 29, 2019, while not registered as a broker or dealer. Erskine also allegedly received commissions for successfully soliciting investors, according to the SEC.

Summary generated from official Securities and Exchange Commission press release