The Securities and Exchange Commission has charged San Antonio, Texas-based investment adviser Robert J. Mueller with operating a years-long fraudulent scheme that raised approximately $58 million from nearly 300 investors in two investment funds.
Mueller's company, deeproot Funds, “designs, administers and manages alternative private equity and debenture funds,” according to its website.
The SEC alleges that Mueller and deeproot operated two pooled investment funds and persuaded clients, many retirees, to cash out annuities and invest the money in the two funds.
The SEC is seeking civil penalties, disgorgement of ill-gotten gains with interest and permanent injunctions.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
