Court fines Cutter Financial $100,000, requires client notice of guilty verdict
February 3, 2026 by John Hilton
A Massachusetts judge fined Jeffrey Cutter $50,000 and Cutter Financial Group $100,000 today for an Advisors Act violation involving the sale of fixed indexed annuities.
On April 23, a Massachusetts jury determined that Cutter and CFG violated Section 206(2) of the Investment Advisers Act of 1940. Section 206(2) 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 Feb 2, 2026 by John Hilton.
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