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January 29, 2015

Financial Author, Sherwin Brown, Indicted by SEC

After receiving a fine of more than $1.3 million in 2010, Sherwin Brown was barred from the securities industry. The Securities and Exchange Commission (SEC) recently indicted Brown, alleging that after his disbarment he had continued to act as a “money coach.” The SEC alleges that Brown was charging clients for his financial advice. From the time that Brown was barred in 2011 until May 2014, Brown allegedly deposited $330,000 worth of clients’ checks into his account.

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