SEC Accuses Financial Planner Of $6.5M Fraud

Law360, New York (January 29, 2009, 12:00 AM EST) -- A judge has temporarily frozen the assets of a financial planner and his investment fund after the U.S. Securities and Exchange Commission filed a suit claiming he falsely told investors their money would be put in government-guaranteed securities as part of the Troubled Assets Relief Program.

In an order Wednesday, Judge William J. Haynes Jr. of the U.S. District Court for the Middle District of Tennessee put a hold on the assets of Gordon B. Grigg, 46, and ProTrust Management Inc. pending entry of a final...
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