SEC, CFTC Hit MexGroup With 1-2 Punch

Law360, New York (December 1, 2010, 8:10 PM EST) -- The U.S. Securities and Exchange Commission accused three men formerly connected to Mexican financial services company MexGroup, which pooled investor money in a foreign currency trading program, of securities fraud on the same day that the U.S. Commodity Futures Trading Commission targeted the company in a separate suit.

Both suits were filed on Tuesday in the U.S. District Court for the District of Utah, with the SEC alleging that MexGroup sales agents Clifton K. Oram, Don C. Winkler and William R. Michael sold fraudulent investments and...
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