SEC v. Paul Marshall, Bridge Securities, LLC a/k/a Bridge Financial, Bridge Equity, Inc. and FOGFuels, Inc., Case No. 1:13-CV-3032 (N.D. Ga.).  On September 12, 2013, the SEC announced it filed an action seeking a temporary restraining order and other emergency relief, charging Paul Marshall and his three companies, Bridge Securities, LLC, Bridge Equity, Inc. (collectively, the “Bridge Entities”) and FOGFuels, Inc., with misappropriating client funds.  The SEC alleges that Marshall, an investment adviser representative of the Bridge Entities, stole $2 million from his clients.  According to the SEC, Marshall told clients to move funds to bank accounts he controlled for purported investment in securities.  Marshall did not invest the money.  Rather, he used it to pay for things like luxury vacations and private schools for his children.  Marshall hid his conduct by giving his clients fake account statements.  The SEC also alleges that Marshall, who is the majority owner of purported alternative fuel company FOGFuels, took $100,000 from a client who invested in that company.  The SEC charged Marshall, the Bridge Entities, and FOGFuels with violating Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.  Marshall and FOGFuels are charged with violating Section 17(a) of the Securities Act.  Lastly, the SEC charged Marshall and the Bridge Entities with violations of Sections 206(1) and 206(2) of the Investment Advisers Act.  In addition to the temporary restraining order and other emergency relief already obtained, the SEC seeks preliminary and permanent injunctions, disgorgement, and civil monetary penalties.