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

(July 14, 2023, 8:29 AM EDT) -- DURHAM, N.C. — A North Carolina federal judge has approved a bifurcated settlement that the U.S. Securities and Exchange Commission 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....