SEC Charges Bahamas-Based Brokerage Firm and President with Enabling Fraud by Hedge Fund Manager

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Wednesday, August 10, 2016
Author: 
Bruce Zagaris
Volume: 
30
Issue: 
11
Abstract: 
                On August 8, 2014, the Securities and Exchange Commission (SEC) charged a Bahamas-based brokerage firm, Alliance Investment Management Limited (AIM), and its president Julian R. Brown with enabling a fraud that was stopped when the SEC charged the hedge fund manager at the center of the scheme.[1]