Articles Posted in AURA FINANCIAL

Aura Financial Services and six stock brokers reaped big commissions while fleecing customers through high-pressure tactics, churning and other unethical practices for years, according to a lawsuit filed Friday by the U.S. Securities and Exchange Commission.

The brokers drained customers’ funds of $3.5 million from 2005 through April of this year, according to the suit in federal court in Miami.

”Aura and the six brokers treated the accounts of certain customers as their personal gravy train,” said Katherine Addleman, director of the SEC’s regional Atlanta office.