The Securities and Exchange Commission (SEC) on Wednesday charged streaming service Vuuzle Media Corp. and its founder with fraudulently offering over $14 million in securities via a boiler room scheme.

According to the SEC’s complaint, Vuuzle and founder Ronald Shane Flynn utilized salespeople primarily based in the Philippines to run an “aggressive and high-pressure sales campaign.” The alleged misconduct occurred from September 2016 through at least May 2020.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...