SEC Accuses Famous Investment Adviser Louis Navellier Of Fraud

Boston – The U.S. Securities and Exchange Commission sued Navellier & Associates and its founder on Thursday, accusing them of fraudulently misleading clients about the performance track record of investment strategies the adviser offered.

The SEC filed the lawsuit in Boston federal court against the Nevada-based investment adviser and its principal, Louis Navellier, contending they defrauded existing and prospective clients from 2010 to 2013.

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