{"id":622,"date":"2009-12-28T10:28:44","date_gmt":"2009-12-28T10:28:44","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/12\/sec_accuses_austin_advisor_tri_1"},"modified":"2022-01-13T12:18:51","modified_gmt":"2022-01-13T18:18:51","slug":"sec-accuses-austin-advisor-tri-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-austin-advisor-tri-1\/","title":{"rendered":"SEC Accuses Austin Advisor, Triton Financial, and Triton Insurance of Texas Securities Fraud Scam Involving Former NFL Football Players"},"content":{"rendered":"

\t\t\t\tThe Securities and Exchange Commission has filed charges accusing Austin investment adviser Kurt B. Barton and his two firms, Triton Insurance and Triton Financial, of committing Texas securities fraud<\/a> and raising over $8.4 million from about 90 investors. Former football stars were used as bait to target former NFL players as potential investment fraud victim.<\/p>\n

The SEC claims the defendants used salespersons, stockbrokers, and former football players, including previous Heisman trophy winners and ex-NFL players, to sell Triton securities to potential clients. The agency says that the use of ex-football stars allowed Barton and Triton to appear legitimate and gain investors’ trust.<\/p>\n

Potential investors were allegedly told that their money would be used to buy an insurance firm. The SEC claims such representation were bogus. Instead, the agency claims that investors’ funds were used to pay for daily expenses at the two companies. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission has filed charges accusing Austin investment adviser Kurt B. Barton and his two firms, Triton Insurance and Triton Financial, of committing Texas securities fraud and raising over $8.4 million from about 90 investors. Former football stars were used as bait to target former NFL players as potential investment fraud victim. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3741,3750],"tags":[],"class_list":["post-622","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-fraud","category-texas-securities-fraud"],"yoast_head":"\nSEC Accuses Austin Advisor, Triton Financial, and Triton Insurance of Texas Securities Fraud Scam Involving Former NFL Football Players — Investor Lawyers Blog — December 28, 2009<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has filed charges accusing Austin investment adviser Kurt B. 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