The U.S. Securities and Exchange Commission sued Choice Advisors and Matthias Omeara Wednesday in California Southern District Court for allegedly providing municipal advisory services to charter schools without being registered. The defendants are also accused of failing to disclose Choice’s registration status and conflicts of interest to its clients. Lawyers have not yet appeared for the defendants. The case is 3:21-cv-01669, Securities and Exchange Commission v. Choice Advisors, LLC et al.
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