The regulator alleges more than $27 million was raised through schemes involving purported access to SpaceX, OpenAI, SandboxAQ, and Kraken.
The order bars a former NPM employee from joining Clarity until May 2027 and prohibits the use of NPM's confidential information.
The Industry Ventures alum joins less than a year after her former employer's acquisition by Goldman Sachs.
The Swiss firm's flagship semi-liquid strategy tracks the Morningstar PitchBook Unicorn 20 Index primarily through secondaries.
William Sarris's former second-in-command, Joseph Endoso, pleaded guilty in August to participating in the alleged scheme.
Engler brings over two decades of technology experience and will lead operations and build the infrastructure behind each deal.
The regulator alleges the affiliated entities raised over $74 million from 800+ mostly retail investors through 11 funds that charged undisclosed markups.
The agency alleges the investment adviser made false claims tied to pre-IPO investments, including SpaceX and Klarna, and misused client assets.
Pinnacle Ventures will provide angel and sophisticated investors with access to deal-by-deal venture investments in UK tech companies and pre-IPO secondaries.
The order bars a former NPM employee from working at Hiive for a period of three months and from soliciting NPM employees and customers for one year.
