SEC Charges Alabama Broker-Dealer Aura Financial For Churning And Other Violations

According to a Securities and Exchange Commission (SEC) press release, the SEC and the Alabama Securities Commission (ASC) have charged Aura Financial Services, Inc. (Aura), a Birmingham, Alabama based broker-dealer, with churning of custormer accounts, “widespread supervisory failures” and other securities violations. The SEC and ASC believe that the actions of Aura, including several senior…