UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Edwin Shaw, LLC

Filing Date:March 05, 2018

Case:Edwin Shaw, LLC Vs. Securities and Exchange Commission

Jurisdiction:Federal District Court for the Eastern District of New York

Status:Pending

Civil / Criminal:Civil

Breach of Contract

The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 (“Exchange Act”) against Edwin Shaw, LLC (“Edwin Shaw” or “Respondent”). In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission’s jurisdiction over it and the subject matter of these proceedings, which are admitted, Respondent consents to the entry of this Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order (“Order”), as set forth below. From approximately April 2014 through March 2017, Edwin Shaw, through the Edwin Shaw Principal, identified and facilitated purchases of LLC Membership Interests by more than 30 foreign investors. The Edwin Shaw Principal facilitated the investments by meeting with prospective investors in the United States, explaining the investment terms to the prospective investors, providing them with substantial information about the Issuer’s business, explaining potential exit strategies, and/or referring the prospective investors to legal counsel.