Oxford, SEC Sign Consent Deal In Forex Fraud Fight

Law360, New York (March 18, 2011, 6:41 PM EDT) -- The U.S. asked a Minnesota judge Friday to approve a consent agreement with The Oxford Private Client Group LLC, which allegedly bilked investors of $47 million in part by investing in Crown Forex SA before it went bankrupt.

In the U.S. District Court for the District of Minnesota, the U.S. Securities and Exchange Commission filed the consent agreement, which a court-appointed receiver approved on behalf of Oxford. Under the deal, Oxford has agreed to allow Judge Michael Davis to determine whether it should pay disgorgement of...
To view the full article, register now.