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SEC issues cease-and-desist order against split-cycle engine developer Scuderi Group for violations of Securities Act

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Scuderi Group tallied only the three non-accredited clubs on its shareholder list, even though more than 140 individual investors purchased company preferred units through the clubs, the SEC said. million in Scuderi Group spending on such purposes. —SEC order (Release NÂș 33-9407). million, or 4.3%

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