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SEC Settles With Reinsurance Executive On $2.5 Fraudulent Scheme Against Investors

Mealey's (January 12, 2018, 2:31 PM EST) -- NEW HAVEN, Conn. — A reinsurance executive accused of engaging in a $2.5 million fraudulent scheme settled claims brought by the Securities and Exchange Commission on Jan. 11 after the SEC filed a complaint in Connecticut federal court (Securities and Exchange Commission v. David S. Haddad, et al., No. 18-00055, D. Conn.).

(Complaint available.  Document #12-180119-011C.)

In the lawsuit, the SEC alleged that David S. Haddad, through his related companies, Trafalgar Square Risk Management LLC and New England RE LLC, made material misstatements and omissions in...
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