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Brokerage Exec Can Be Sued Over Fraud Claims, Judge Says

By Sydney Price ( February 11, 2025, 8:51 PM EST) -- An Illinois magistrate judge told the former owner of Center Street Securities on Tuesday that he cannot escape claims he concealed regulatory issues before his company was acquired by financial services company Arete Wealth, ruling that the stock purchase agreement's broad definition of liabilities could include the allegedly undisclosed violations at issue in the suit....

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