Judge allows SEC annuity fraud allegations against advisor to proceed
December 19, 2023 by John Hilton
A federal judge refused to toss out annuity fraud charges filed by the Securities and Exchange Commission against a Massachusetts financial advisor.
U.S. District Judge Denise J. Casper denied a motion to dismiss filed by Jeffrey Cutter, who is also an insurance agent. Cutter argued that the Investment Advisers Act of 1940 did not apply to the allegations made by the SEC.
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Originally Posted at InsuranceNewsNet on December 15, 2023 by John Hilton.
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