Former Advisory Firm’s Dismissal Bid Disputed In SEC Suit Over Alleged Fraud

Mealey's (January 3, 2023, 9:13 AM EST) -- DURHAM, N.C. — Wrangling in North Carolina federal court over allegations of “a series of fraudulent and improper schemes” that defrauded clients of more than $75 million, a former investment advisory firm asserts that it “was not meaningfully involved in these transactions,” and the U.S. Securities and Exchange Commission contends that “the acts of its officers and agents constitute the acts of” the firm....

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