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The SEC brought suit against defendant Jawsh Corporation for offering unregistered securities and acting as an unregistered investment company. It allegedly offered and sold $16 million in unregistered securities to 250 investors from about 1987 through about September 2000, and also pooled money obtained from investors and invested it, reinvested it and traded in securities without a registration statement being in effect. An administrative proceeding was also brought against the founder of Jawsh, who was ordered to cease-and-desist from violations of the securities laws.