Former Mequon investment advisor charged with fraud ordered to pay $8 million in penalties

A former Mequon investment advisor facing federal fraud charges has been ordered to repay $4.06 million she obtained by making false and misleading statements to approximately 70 investors. Kay Yang has also been ordered to pay a $4.06 million civil penalty, bringing her total financial penalties to over $8 million. Yang and her entities Xapphire

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