SEC Says Adviser Used Radio Show To Overstate Assets
By Carmen Germaine (September 9, 2015, 6:23 PM EDT) -- A Maryland-based adviser who hosted a "Financial Myth Busting" radio show and her investment firm dramatically inflated the size of assets they managed and then lied to the U.S. Securities and Exchange Commission during its investigation, the agency said Wednesday.
Dawn J. Bennett, 53, and Bennett Group Financial Services LLC attempted to attract new customers by overstating the assets they managed by as much as $1.5 billion in false statements they fed to Barron's and repeated on a radio show Bennett hosted, the SEC said in a complaint filed in its administrative court. When confronted by an SEC investigation, Bennett doubled...
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