SEC Wants Up To $13M In Fraud Case Against West End Exec

Law360, New York (March 30, 2012, 7:01 PM EDT) -- The U.S. Securities and Exchange Commission will seek up to $13 million in its suit against a former officer at failed New York investment firm West End Financial Advisors LLC, whose CEO has already admitted involvement in criminal fraud, the agency said Friday.

The commission will ask for up to $135,000 in penalties for each of the 97 investors West End's former Chief Financial Officer Steven Gould allegedly defrauded, SEC lawyer Howard A. Fischer told U.S. District Judge P. Kevin Castel at a hearing Friday....
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