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Boston man charged with securities fraud in Alabama

A Boston man has been arrested and charged with violations of the Alabama securities act.

McKinney was charged with one count each of sale of an unregistered security, sale of securities by an unregistered agent and theft of property by deception. He also was charged with two counts of fraud in connection with the sale of securities. According to state officials, McKinney is accused of selling unregistered securities in the form of investment contracts.