NY Woman Raised $5.7 Million Through Investor Fraud, SEC Says

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.

Liston falsely claimed to be able to generate ...