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SEC charges broker with fraudulently raising $3.2 million for his failing mutual funds

Peter Kohli, the CEO of DMS Advisors, allegedly stole money from investors as the funds neared collapse.

The Securities and Exchange Commission has issued an emergency asset freeze against a former stockbroker for defrauding investors in his failing mutual fund business.

Peter Kohli, of Pottstown, Pa., fraudulently raised more than $3.2 million from at least 120 investors from 2012 through last year,

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