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Sunday, May 26, 2024 | Back issues
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Securities Fraud

The SEC says Criterion Wealth Management Insurance Services and its co-owners defrauded investors by recommending that they put more than $16 million into private placement funds, without disclosing that the funds paid them more than $1 million in side compensation, in federal court.

LOS ANGELES — The SEC claims in a federal complaint that Criterion Wealth Management Insurance Services and its co-owners defrauded investors by recommending that they put more than $16 million into private placement funds, without disclosing that the funds paid them more than $1 million in side compensation.

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