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SEC Says Man Took $1.7 Million with Eight Illegal Securities Companies

PHILADELPHIA (CN) - Robert Berlacher took more than $1.7 million through fraud, by violating securities laws and selling unregistered securities in eight companies he directed and another one he advised, the SEC claims in Federal Court.

Berlacher, 53, of Villanova, Pa., also engaged in inside trading in his unregistered private investments in public equities, the Commission says. He owned and operated defendants Lancaster Investment Partners, Northwood Capital Partners, Cabernet Partners, Chardonnay Partners, VFT Special Ventures, LIP Advisors, NCP Advisors, and RAB Investment Co., and advised Insignia Partners. The SEC demands penalties and an injunction. See complaint.

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