ORLANDO (CN) - The SEC has frozen the funds of North American Clearing, of Longwood, Fla., accusing the securities and clearing brokerage firm of fraud and other securities violations.
The SEC accuses the company and three of its top executives of misusing more than $3 million of its customers' money to conceal North American's financial problems and pay for daily expenses.
The SEC sued North American founder and director Richard L. Goble, President Bruce Blatman and former financial and operations principal Timothy J. Ward.
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