The U.S. SEC has sued former Linqto executives William Sarris and Joseph Endoso, alleging fraud and violations in the sale of over $430 million in Pre-IPO equity to retail investors between 2021 and 2024. The pair are accused of misrepresenting pricing, falsely claiming shares were sold out, faking a pricing algorithm, and illegally operating an unregistered investment company. The SEC seeks injunctions, disgorgement, civil penalties, and bans on serving as officers or directors of public companies.