February 26, 2010
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.
November 11, 2009
Ruling that federal law bars counterclaims in U.S. Securities and Exchange Commission enforcement actions, a judge has said a Wealth Management LLC executive accused of taking $2.5 million in kickbacks can't strike back against the agency.
May 21, 2009
Two Wealth Management LLC executives illegally accepted $2.5 million in kickbacks and directed retirees to illiquid, risky investments that were unsuitable for them, the U.S. Securities and Exchange Commission has alleged.