Thursday, March 30, 2023 | Back issues
Courthouse News Service Courthouse News Service

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.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading...