This document is an alert report from Deutsche Bank Private Bank dated February 22, 2018, regarding Southern Financial LLC, a company based in the Virgin Islands, U.S. The report highlights critical risk priority due to SEC violations involving insider trading and securities fraud. Southern Financial Group, also known as SFG, was involved in a high-yield investment scheme defrauding investors of approximately $30 million. The report includes historical SEC actions against the company and its affiliates, including contempt of court for failure to comply with court orders.
documents/vol00010-efta01356140-pdf.pdf
{"title":"Deutsche Bank Private Bank Alert Report","key_people":["Tracy Dunlap","Tracy Calvin Dunlap, Jr."],"document_date":"2018-02-22","document_type":"financial","key_locations":["Virgin Islands, U.S.","Greensboro, North Carolina, United States","Costa Rica","Panama"],"document_subtype":"Alert Report","key_organizations":["Southern Financial LLC","Southern Financial Group","Elfindepan, S.A.","Strategic Asset Funds, S.A.","SEC","Deutsche Bank Private Bank"]}