SEC Sues Broker Alleging Fraud

Law360, New York (June 4, 2008, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has filed a lawsuit against a broker-dealer and two entities he controlled, TwinSpan Capital Management LLC and Barton Asset Management LLC, accusing them of securities fraud.

In the lawsuit, filed Tuesday in the U.S. District Court for the Northern District of Georgia, the SEC alleges that Frederick J. Barton, acting individually or through the two entities, engaged in three separate frauds, one of which preyed upon a senior citizen suffering from Alzheimer's disease.

His alleged acts allowed him to obtain...
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