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SEC Charges Advisor With Stealing to Pay for Lawsuit: Enforcement

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SEC Charges Advisor With Stealing to Pay for Lawsuit: Enforcement

The Securities and Exchange Commission charged a Connecticut-based investment advisory business and its owner with stealing money from investors to settle a private lawsuit among other misuses. The SEC alleges that Sentinel Growth Fund Management and its founder Mark J. Varacchi misrepresented to investors that money they deposited with the firm would be allocated to up-and-coming…

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