[U.S. Securities and Exchange Commission Sues Former Linqto Executives for Alleged $430 Million Fraud] The U.S. Securities and Exchange Commission has filed a lawsuit against former Linqto executives William Sarris and Joseph Endoso, accusing them of fraudulent and illegal activities in the sale of over $430 million in Pre-IPO equity to retail investors between 2021 and 2024. The two are alleged to have misrepresented pricing, falsely claimed stocks were sold out, fabricated pricing algorithms, and illegally operated an unregistered investment company. The SEC is seeking injunctions, disgorgement of illicit gains, civil penalties, and a ban on the two serving as executives or directors of publicly traded companies. (Source: U.S. Securities and Exchange Commission)