SEC Alleges Schemes To Defraud Insurers, Reinsurance Trusts

Mealey's (November 5, 2018, 8:01 AM EST) -- NEW YORK — In an Oct. 16 complaint filed in a New York federal court, the Securities and Exchange Commission alleges that two individuals “perpetrated multiple schemes to defraud their advisory clients, which were insurance companies and reinsurance trusts” (Securities and Exchange Commission v. Alexander C. Burns, et al., No. 18-09477, S.D. N.Y.)....