Ex-Wealth Management Exec, SEC Strike $1.4M Deal

Law360, New York (February 26, 2010, 3:51 PM EST) -- The U.S. Securities and Exchange Commission has settled for $1.4 million a suit against an ex-Wealth Management LLC executive accusing him of taking kickbacks and steering retirees to risky investments he touted as conservative.

The SEC filed the settlement agreement on Thursday in the U.S. District Court for the Eastern District of Wisconsin, in which WM's former President and Chief Investment Officer Simone Fevola agreed to pay disgorgement and interest to end the securities suit.

The SEC accused Fevola, WM and its majority owner and CEO...
To view the full article, register now.




Case Information

Case Title

United States Securities and Exchange Commission v. Wealth Management LLC et al

Case Number



Wisconsin Eastern

Nature of Suit



William C Griesbach

Date Filed

May 20, 2009

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.