Core Viewpoint - The Securities and Exchange Commission (SEC) is seeking legal action against an unregistered financial advisor for allegedly causing three victims to lose $1.6 million through a fraudulent options-trading strategy [1] Group 1 - The SEC is requesting a federal court to impose fines and injunctions against the financial advisor involved in the fraudulent activities [1] - The advisor has a history of regulatory issues, indicating a pattern of misconduct [1]