SEC Moves To End Ponzi Case V. Financial Planner

Law360, New York (December 16, 2009, 1:22 PM EST) -- The U.S. Securities and Exchange Commission is seeking to drop its case accusing financial planner Gordon B. Grigg of falsely telling investors their money would be put in government-guaranteed securities as part of the Troubled Asset Relief Program, following Grigg's conviction on mail and wire fraud charges.

In a motion filed Tuesday in the U.S. District Court for the Middle District of Tennessee, the regulator asked a judge to dismiss its claims for disgorgement and civil penalties against Grigg and his investment fund ProTrust Management Inc....
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