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Sara Hansard And Jed Horowitz

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Topic

Texas adviser used former NFL players to promote scheme, the SEC charges

An investment adviser has been charged with defrauding investors in a scheme that used former National Football League players to promote offerings in an insurance company.

Topic

Fiduciary issue likely to land in SEC’s lap

Although a House Financial Services subcommittee plans to discuss adviser issues at a hearing on Oct. 6, it's unlikely Congress will debate the fine points of adopting a fiduciary standard for all financial advisers.