Bifurcated Settlement Proposed For 1 Defendant In SEC Suit Over Alleged Fraud

(June 13, 2023, 1:16 PM EDT) -- DURHAM, N.C. — The U.S. Securities and Exchange Commission on June 12 asked a North Carolina federal court to approve a bifurcated settlement it negotiated with one of three defendants in a civil suit over a former investment advisory firm’s alleged “series of fraudulent and improper schemes” that defrauded clients of more than $75 million....