The Securities and Exchange Commission (SEC) has filed a lawsuit against Trading Purse Trading, LLC, Liston Associates, Inc., and their owner Carole Liston.
The complaint, submitted to the South Regional Court of Florida on August 18, 2025, claims that Trading Purse Trading, Liston Associates, Inc and their owner, Carole Liston, carried out a fraudulent bid of lending to pay for investors to pay their investors to pay over investors. Liston and expertise.
According to the complaint of the Securities and Exchange Commission, from at least in August 2020 to July 2024 (“relative period”), the defendants raised about $ 5.7 million from more than 200 investors at national level, are supposed to fund the trademarks of the defendants.
Liston promised false monthly returns ranging from 5% to 20% and claimed to double investor money within 30 to 60 days. Liston also claimed that it could produce 350% profits in one year, raising investor funds in brokerage accounts and investment funds.
To attract investors to invest in the investment opportunity, Liston has provided its alleged investment experience and its success in negotiation for its own accounts, its expertise in investment in choices and the privately owned trading algorithm. Liston has falsely told investors that the SPT would raise investor funds to achieve better returns and mislead investors the security and security of investment strategic marketing.
Liston also created false internet bills on the internet that show excellent fantastic returns, flooding investors who have access to their accounts through the SPT website.
In fact, Liston only used a small part of investors for the market and the trade securities and, when it did, its negotiation caused significant losses. Liston abused at least $ 450,000 for its personal benefit and used at least $ 3.9 million in investment funds to make Ponzi distributions to SPT investors.
The Securities and Exchange Commission accuses the defendants of violations of Article 17 (a) of the 1933 Mobile Values Act (“Law on Mobile Values”) [15 U.S.C. § 77q(a)]; Article 10 (b) of the 1934 Mobile Exchange Act (“Exchange Act”) [15 U.S.C. § 78j(b)]and L0B-5 exchange rule [17 C.F.R. § 240.10b-5]. Liston also violated sections 206 (1) and 206 (2) of the 1940 Investment Advisers Act (“Advisers ACT”) [15 U.S.C. § 80b-6(1) and (2)].
Among other relief, the Securities and Exchange Commission seeks permanent orders, disconnection with bias rate and civil penalties against the defendants.