WASHINGTON -- The Securities and Exchange Commission yesterday barred Florida investment adviser Sharon Baker from the securities business for failing to invest $415,000 of her clients' money in tax-exempt money market funds as she had promised.

Instead of investing in high-yield, low-risk funds, Baker used the clients' money between August 1991 and December 1992 for personal expenses, among other things, the SEC charged in a complaint filed against Baker early last year.

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