Trouble ahead for unicorns?

Securities regulators are looking into whether hedge funds and other investors are illegally selling private technology stocks for hot companies, especially unicorns. A probe by the Securities and Exchange Commission is in its early stages and is focused on people selling pre-IPO shares of private companies as valuations soar, according to the Wall Street Journal. The investigation is tied to the increasing hunger in the private market for shares of established tech companies. Unicorns, startups…