RIA Marc Broidy pleads guilty to stealing $1.5M from clients
The registered investment adviser faces up to five years in prison, as well as criminal forfeiture and a fine
Marc Broidy, the founder and chief executive of Broidy Wealth Advisors in Los Angeles, has pleaded guilty in federal court to withdrawing $640,000 in excess management fees from client accounts and misappropriating more than $865,000 worth of stock held in trusts, over which he was trustee.
As p
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