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7th Circ. Leaves Nutmeg Owner Liable For $1.3M

By Donald Morrison (July 8, 2022, 4:58 PM EDT) -- The owner of the Nutmeg Group LLC, a defunct investment adviser, owes nearly $1.3 million in disgorged ill-gotten gains and civil penalties for misreporting investor funds, the Seventh Circuit has affirmed, though it unraveled an injunction requiring him to obey securities laws, saying the injunction was insufficiently specific....

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