Financial Fraud Alert: Action Broughy by SEC Against Utah Real Estate Brokers

This action stems from the alleged fraudulent offer and sale of unregistered securities for the purchase of distressed real estate for investment.  Allegedly, “[Defendant] The Companies or its subsidiary…initiated four unregistered offerings of securities from January 2009 to June 2011.”  According to the complaint, “the four offerings raised a total of approximately $11.9 million from approximately 169 investors.”