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Friday, December 28, 2007
SEC WARNING--BEWARE OF "FREE LUNCH" INVESTMENT SEMINARS
Houston, Texas--As the saying goes, there is no "free lunch." A recent investigation by the SEC of 110 "free lunch" seminars found serious issues with this popular tactic used by investment advisors. Deficiency letters or letters of caution were sent to 78% of the investment firms investigated. In addition, 23% of the investment firms are under review for possible further investigation or action by a state, FINRA or SEC.
