|
|
SEC Charges Burton Financial Management Associates and Others in Fraud
The SEC has filed a complaint against Illinois based Burton Financial Management Associates, Lawrence Irvin and James Cooper III.
The complaint alleges three violations. First, the sale of unregistered promissory notes and real estate limited partnerships. Second, the commingling of the offering proceeds in the firm's operating account, which then paid purported "loans" to Irvin and his wife, for example. Third, the misappropriation by Cooper of about $2.3 million from 15 investors for his own personal use.
The suit is pending in federal court in Chicago, Illinois.
Source: SEC News Digest, October 3, 2000
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Contact
|
Search
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
