SEC Alleges Fund Adviser Misled Investors in Pre-IPO Schemes

The SEC charged investment adviser Adit Ventures and co-founder Eric Munson with making false statements to investors and collecting millions of dollars in undisclosed fees for purchases of pre-IPO shares in companies including SpaceX and Klarna. The SEC alleged the firm misrepresented details about the investments to clients. The charges were filed in federal court on an unspecified date in 2026.

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