May 5, 2011

Breaking News: Brooke Insurance Franchise Execs Settle SEC Fraud Charges

Insurance Journal Breaking News
May 5, 2011

Breaking News Alert

Brooke Insurance Franchise Executives Settle
SEC Fraud Charges

Five executives of the failed Kansas-based insurance agency franchise firm Brooke Corp. have agreed to settle charges of financial fraud brought against them by the Securities and Exchange Commission.

Charges against a sixth Brooke executive have not been settled.

The SEC charged the six with hiding critical information from investors and conducting a financial fraud.

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