WASHINGTON, Dec 22 (Reuters) - The U.S. Securities and Exchange Commission:
* Says it charges Austin-based investment adviser, Kurt Barton, and his Triton Financial LLC with a fraud scheme that used former NFL football players to gain investors' trust.
* Says Triton and Barton raised $8.4 million by falsely telling investors their funds would be used to buy an insurance company.
* Says Triton and Barton agreed to the appointment of a receiver and an asset freeze.
(Reporting by Julie Vorman; Company news desk in Washington; +1 202 898 8400, washington.newsroom@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says it charges Austin-based investment adviser, Kurt Barton, and his Triton Financial LLC with a fraud scheme that used former NFL football players to gain investors' trust.
* Says Triton and Barton raised $8.4 million by falsely telling investors their funds would be used to buy an insurance company.
* Says Triton and Barton agreed to the appointment of a receiver and an asset freeze.
(Reporting by Julie Vorman; Company news desk in Washington; +1 202 898 8400, washington.newsroom@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.