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.
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.