SEC Accuses Financial Planner Of $6.5M Fraud

Law360, New York (January 29, 2009, 12:00 AM EST) -- A judge has temporarily frozen the assets of a financial planner and his investment fund after the U.S. Securities and Exchange Commission filed a suit claiming he falsely told investors their money would be put in government-guaranteed securities as part of the Troubled Assets Relief Program.

In an order Wednesday, Judge William J. Haynes Jr. of the U.S. District Court for the Middle District of Tennessee put a hold on the assets of Gordon B. Grigg, 46, and ProTrust Management Inc. pending entry of a final...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.