The Massachusetts Securities Division has filed an official complaint against a Denver, Co. brokerage operator, alleging that he and his organization tried to scare elderly people into abandoning their securities in favor of annuities with outrageous commissions.

The complaint, filed on Sept. 25, alleges that Tyrone Clark and the company he oversees, Broker’s Choice of America, as well as the Senior Benefit Centers Network, "recruited and trained associates specifically to target the elderly and to scare them into selling their securities holdings for the purpose of purchasing annuities with exorbitant commissions."

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