"The U.S. Securities and Exchange Commission earned a partial victory Thursday in its lawsuit against defunct investment advisement firm The Nutmeg Group LLC, with an Illinois federal judge ruling that the firm hid certain asset transfers from investors while keeping the fight against the firm’s founder and his son alive.
U.S. Magistrate Judge Jeffrey Gilbert granted summary judgment to the SEC on several counts against Nutmeg, which was accused of deceiving investors about the $32 million under its management. He refused to grant the government agency... "
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