SEC v. Cutter Financial Group, LLC and Jeffrey Cutter

Jeffrey Cutter and Cutter Financial Group LLC allegedly violated Sections 206(1), 206(2) and 206(4) of the Advisers Act and Rule 206(4)-7 thereunder by, among other things, selling insurance products called fixed index annuities to their advisory clients without adequate disclosure of their financial incentive to recommend fixed index annuities over other investment options.

Summary generated from official Securities and Exchange Commission press release