SEC Sues NJ Atty, Litigation Fund Over Misleading Investors

By Carmen Germaine (July 14, 2016, 4:49 PM EDT) -- The Securities and Exchange Commission on Thursday filed an administrative suit against a New Jersey attorney and his hedge fund, alleging that they had told investors their funds would be used to buy the rights to legal fees in settled cases but instead the cash had been used for risky investments in a suit against Iran....

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