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Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

$15 Million, Please

Geneos Wealth Management, PNS Investments and Securities America Advisors will pay $15 million — $12 million of it to harmed clients — to settle SEC charges of breaching fiduciary duty and “generating millions of dollars of improper fees in the process."

WASHINGTON — Three investment advisers — Geneos Wealth Management, PNS Investments and Securities America Advisors — will pay $15 million — $12 million of it to harmed clients — to settle SEC charges of breaching fiduciary duty and “generating millions of dollars of improper fees in the process."

Categories / Securities

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