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Securities Fraud

Investment adviser Douglas P. Simanski, of Altoona, Pa., pleaded guilty Friday to having defrauded his customers of $3.9 million, as the SEC alleged in a parallel complaint.

JOHNSTOWN, Pa. — Investment adviser Douglas P. Simanski, of Altoona, Pa., pleaded guilty Friday to having defrauded his customers of $3.9 million, as the SEC alleged in a parallel complaint.

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