North Carolina securities officials say a 51-year-old Wake County man has been indicted on 33 counts of securities fraud and other charges.
Hugh Anthony Wilson of Morrisville was being held on $150,000 bail Thursday at the Orange County jail. There was no attorney listed for Wilson.
Investigators with the Secretary of State's securities division say nine victims lost a total of $220,000 to Wilson between late 2005 and early 2007. Wilson worked as a securities salesman at Ameriprise Financial Services in Chapel Hill. He was fired in August 2007.
Investigators say he persuaded several clients to write checks to him to invest in options trading outside the brokerage house. Investigators say Wilson kept the money instead of investing it.