A New York woman and her now-dissolved Florida companies defrauded investors in a securities offering by falsely promising exorbitant returns based on her purported stock trading strategy and expertise, the SEC said.
From August 2020 through July 2024, the defendants -- Stock Purse Trading LLC, Liston Associates Inc., and Carole A. Liston -- raised approximately $5.7 million from more than 200 investors nationwide by misrepresenting Liston's trading abilities and the safety of the investments, the Securities and Exchange Commission said in a complaint filed Monday in the US District Court for the Southern District of Florida.