'Money Man' Radio Host Settles SEC Fraud Suit

Law360, New York (March 28, 2011, 4:42 PM EDT) -- The U.S. Securities and Exchange Commission on Friday settled with a Houston businessman and radio host over fraud allegations regarding promissory note offerings to clients of his investment advisory firm.

Daniel Frishberg agreed to pay a $65,000 penalty to settle the SEC's complaint, filed in U.S. District Court for the Southern District of Texas, that accused him of pushing his investment firm's clients to buy notes from his media company, Business Radio Network LP, while withholding information about its poor financial condition.

The SEC said Frishberg,...
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