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06/21/2010 04:33:00 PM EST

SEC accuses money manager of fraud

Posted by

Corporate and Securities Law Community Staff

WASHINGTON-(AP) Federal regulators on Monday filed civil fraud charges against an investment adviser and his firm in connection with complex securities tied to mortgages during the housing market bust.

The Securities and Exchange Commission accused Thomas Priore and ICP Asset Management of fraudulently managing the securities in a way that cost…

 

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