SEC Sues Brokerage Over $50M In Fraudulent Trades

Law360, New York (March 4, 2008, 12:00 AM EST) -- An investment company that lured the customers of a rival brokerage to transfer $49 million in mutual funds to its control has incurred the wrath of regulators, who have accused the firm of violating federal securities laws.

In a complaint filed on March 3 in the U.S. District Court for the Northern District of Illinois, the U.S. Securities and Exchange Commission accused Enterprise Trust Company of inducing the customers of broker-dealer Advisory Financial Services to transfer the custody of their mutual fund accounts to Enterprise....
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Case Information

Case Title

Securities and Exchange Commission v. Enterprise Trust Company et al

Case Number



Illinois Northern

Nature of Suit



Honorable James B. Zagel

Date Filed

March 3, 2008

Government Agencies

UK Financial Services

UK Financial Services

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