The SEC has charged Brian Ourand, a former financial advisor to Mike Tyson, with stealing $670,000 from three clients. In an earlier case that settled out of court, Tyson, the heavyweight champion and actor, sued Ourand for allegedly stealing $300,000 and causing him losses of up to $5 million.
The compliance chief at SFX Financial Advisory Management Enterprises, Eugene S. Mason, agreed to pay the commission a $25,000 fine in a related case, the commission says. In addition, SFX, a division of the live events producer Live Nation Entertainment, agreed to pay a fine of $150,000.
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