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Wednesday, April 23, 2025

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Investment adviser discipline

WASHINGTON — The D.C. Circuit allowed a financial adviser who was fined and barred from investment advisory after he was found to exercise undue influence over his elderly client, who left him her $500,000 estate, to get another shot in front of the Department of Insurance, Securities and Banking. The agency improperly applied a presumption of undue influence.

Read the ruling [here.](https://webservices.courthousenews.com/sites/Data/AppellateOpinionUploads/2023-28-12--12-27-41-Divver v. DISB 22-AA-169.pdf)

Categories / Appeals, Briefs, Business, Civil Rights, Financial

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