Investor Contracts Save Fund Manager In SEC Suit

Law360, New York (September 23, 2010, 6:35 PM EDT) -- A fund manager facing a U.S. Securities and Exchange Commission lawsuit has dodged a bid for summary judgment on the regulator's claims of fraud, with a judge ruling that agreements signed by fund investors were enough to shield him until trial.

Judge Marcia Krieger of the U.S. District Court for the District of Colorado granted summary judgment Wednesday to the SEC on the commission's claim that Wealth Management Resources LLC principal Phillip Trujillo sold unregistered securities, but said that triable issues of fact remained on the...
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