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Regulators probe Palm Harbor firm Tri-Med for alleged securities fraud

State regulators are investigating a Palm Harbor firm for allegedly offering and selling more than $13 million in unregistered securities in the form of investment agreements.

The Sixth Judicial Circuit Court in Pinellas County granted the Florida Office of Financial Regulation a temporary injunction against Tri-Med Associates Inc. and five individual defendants: Jeremy Anderson, Anthony N. Nicholas III, Eric Ager, Irwin Ager and Teresa Simmons Bordinat.

"It is imperative that Floridians are aware of this injunction so they can make informed investment decisions," OFR Commissioner Drew J. Breakspear said in a statement Wednesday.

More than 200 Florida investors have been affected by the alleged fraud.

Regulators said that the Tri-Med defendants are not licensed to sell securities in Florida and allegedly misrepresented themselves as purchasing accounts receivable from medical practices that were guaranteed by letters of protection. Investors were assured that their funds would be "safe" and "backed by major insurance companies," the state said.

Tampa lawyer Burt Wiand has been appointed as receiver of Tri-Med's assets.

Investors who believe they may have been a victim of fraud are urged to file a complaint online at www.flofr.com or call (850) 487-9687.

Regulators probe Palm Harbor firm Tri-Med for alleged securities fraud 03/05/14 [Last modified: Monday, March 10, 2014 11:18am]
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