OTHER NEWS - Oct. 2, 1991
From Times Staff and Wire Reports
SEC Accuses Broker of $1-Million Fraud: The SEC has accused a former Knoxville, Tenn., stock broker of engaging in fraudulent schemes that allegedly cost clients more than $1 million. James M. Hardin, a former employee at Merrill Lynch, netted $173,700 in profit from the transactions, according to an SEC complaint. Merrill Lynch fired Hardin in February, 1990, and repaid the clients. The SEC said Hardin accepted large sums of money from clients for specific investments, then placed the money in other accounts and used it for unauthorized trading.
