SECURITIES

SEC Bars Wymer: Indicted investment adviser Steven D. Wymer, who is accused of defrauding local governments of more than $100 million, has consented to a federal order that bars him from the industry permanently, the Securities and Exchange Commission said. The Newport Beach resident neither admitted nor denied guilt by consenting to the order, which bars him from associating with any broker, dealer, investment company, investment adviser or municipal securities dealer. In addition to the administrative action, the SEC has filed a civil suit against Wymer. Wymer, 43, is free on a $500,000 surety bond while awaiting trial in September on a federal indictment charging him with securities fraud, mail fraud, money laundering, lying to the SEC and other charges.