Calif. Adviser, CEO To Pay $21M To End SEC Theft Claims
By Emilie Ruscoe ( June 5, 2025, 10:19 PM EDT) -- A California investment adviser and its CEO have agreed to pay over $21 million to end U.S. Securities and Exchange Commission claims they misappropriated over $15.3 million from a cannabis industry client — including $4.6 million used to buy a home — and overstated its assets under management in regulatory filings....
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