The Securities and Exchange Commission (SEC) has brought an action against Empirex Capital LLC, a South Florida-based company and its principal, Rafael Alberto Vargas Gonzalez, a/k/a Rafael Vargas.
The SEC complaint was filed on September 21, 2023 with the Florida Southern District Court.
The Commission alleges that the defendants defrauded investors through the sale of unregistered securities involving investments into Empirex, in violation of the anti-fraud, securities registration, and investment adviser provisions of the federal securities laws.
According to the complaint, from July 2018 through at least March 2023, the defendants raised at least $6.6 million from at least 162 investors, in the United States and abroad, by making repeated material misrepresentations and receiving compensation for making investment advisement decisions…
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