The SEC sued a Texas investment firm and its owner, alleging they sold $40 million in unregistered securities to about 600 investors while operating as unlicensed brokers.
Margaret Sanders and her company Sanders Family Office LLC helped raise money for Wells Real Estate Investment LLC through promissory notes that offered returns of 10% to 12% annually, according to the Securities and Exchange Commission’s complaint filed Tuesday in the US District Court for the Western District of Texas.
Wells Real Estate collapsed in August 2024 when the SEC filed an emergency lawsuit in Florida, leading to criminal charges against Wells’ owners ...
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