SEC charges Miami attorney in alleged prime bank investment scheme

The federal agency's complaint charges all defendants with violations of the antifraud and securities registration provisions of the federal securities laws.

The Securities and Exchange Commission (SEC) has ordered an emergency asset freeze against a Miami-based attorney and others involved in a “prime bank investment scheme” that promised exorbitant returns from a purported international trading program.

According to the SEC, prime bank schemes lure investors to participate in a phony international investing opportunity with bogus promises of exclusivity and massive profits. 

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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