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SEC bans Lee Weiss from the brokerage and investment advisory industry

Mr. Weiss and his firm will pay $8.4 million in relief to investors he duped in tobacco-related scheme

Massachusetts resident Lee Weiss is barred from the brokerage and investment advisory industry for his fraudulent scheme involving a French company that claimed it could reduce the harmful effects of tobacco smoking, according to the Securities and Exchange Commission.

Mr. Weiss, who resides in New

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