Providence Financial Investments, a Miami-based firm that took in millions in investors’ money in South Florida and across the nation, filed for bankruptcy protection in the U.S. Southern District of Florida court last week. This follows actions by the nation’s top investment regulator, the U.S. Securities and Exchange Commission, to shut the company down. In — one of the places Providence had an office — last month, the SEC called the investment offering an “ongoing fraudulent and unregistered securities offering.” The securities had not been registered with the SEC, and brokers selling them were unregistered, the agency said. In addition, Providence hasn’t accounted for the money it has...
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