SECURITIES

SEC Seeks to Close Century City Firm: The SEC charged Alliance Global Asset Management and its owners, Jack Nicholes D’Uva and Mark T. Taggatz, with securities laws violations. The complaint also named Nikko & Co. Ltd., another company owned by the same men that is unrelated to the Japanese investment firm with a similar name. The complaint, filed in U.S. District Court in Los Angeles, alleged that D’Uva and Taggatz, through a previous company called Prime Acquisition Group, sold at least $1.3 million in fraudulent limited partnership interests in non-existent mutual funds. Alliance and Nikko are similar operations, the complaint alleged. D’Uva said he was unaware of the complaint.