His little muni court infraction may not constitute a material event. Minor offenses are excluded. Although he is free to add an explanation of such an event if he desires.
well in a SEC case today they do point out the importance of knowing who you are dealing with and their background.
“Learning about the identity and background of the individual or individuals behind a venture is one of the first things we tell investors to do before trusting anyone with their money,” said Joseph G. Sansone, Chief of the SEC’s Market Abuse Unit. “As alleged in our complaint, Manor’s brazen scheme to conceal his identity and criminal history deprived investors of essential information and allowed the defendants to take over $30 million from investors’ pockets.”
Costello tried to bury his background and some claim it didn't matter - which is a red flag.
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