SEC v. Stock Purse Trading LLC

Stock Purse Trading LLC, Liston Associates, Inc., and Carole A. Liston allegedly conducted a fraudulent securities offering that raised at least $5.7 million from 200 investors nationwide. According to the SEC’s complaint, from August 2020 through July 2024, the defendants promised to pay investors exorbitant monthly returns based on Liston’s purported stock trading strategy and expertise. Liston allegedly misappropriated at least $450,000 of investor funds for her personal benefit and used at least $3.9 million in investor funds to make Ponzi-like distributions to SPT investors.

Summary generated from official Securities and Exchange Commission press release