Professional Resources Inc., a Brea real estate...
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Professional Resources Inc., a Brea real estate investment firm, agreed Tuesday to a Securities and Exchange Commission order to open its books and records to investors. The SEC had accused the firm of misleading potential investors. The company, which sells limited partnerships through seminars, signed a consent decree in which it did not admit any guilt. Also included in the order, signed by U.S. District Judge William Rea in Los Angeles, are David Leroy Bustrum of Brea, Robert Gray Gibson of Newport Beach, Telvin A. Hagen of Whittier and Dover Development Corp. of Hollywood. The men and their related firms collected about $4.5 million from 200 investors nationwide, according to court records.
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