SEC needs to show its hand on disclosures after Cutter verdict, analysts say
May 20, 2025 by John Hilton
The Securities and Exchange Commission has some work to do following the recent guilty verdict against a Massachusetts advisor for insufficient disclosures.
In the April verdict, the jury determined that Jeffrey Cutter and Cutter Financial Group did not violate Section 206(1) of the Investment Advisers Act of 1940, but did find violations of Section 206(2), which bars advisors from engaging “in any transaction, practice or course of business which operates as a fraud or deceit upon any client or prospective client.”
Originally Posted at InsuranceNewsNet on May 16,2025 by John Hilton.
Categories: Industry Articles
