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3/30/23: How the SEC Set the Stage for this Advisor's Scam
I want to tell you about Jeffrey Cutter. He's a financial advisor in Massachusetts. He operates his own firm called Cutter Financial Group, and he manages about $134 million for about 400 clients since 2014. For the past nine years, Jeffrey Cutter has been selling annuities to his clients, and he never told them that he's been collecting commissions of 7% to 8%. All this in addition to the 2% annual fee that he and his firm charged.
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Links from today's show:
SEC Charges Investment Advisor with Defrauding Clients in Connection with Annuity Sales
Self-Care with Jean Edelman Podcast
Jean on Twitter
Jean on Instagram
Brought to you by:
Global X ETFs
Invesco QQQ
Schwab
-----
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View all episodes
By Ric Edelman
3.2
380380 ratings
I want to tell you about Jeffrey Cutter. He's a financial advisor in Massachusetts. He operates his own firm called Cutter Financial Group, and he manages about $134 million for about 400 clients since 2014. For the past nine years, Jeffrey Cutter has been selling annuities to his clients, and he never told them that he's been collecting commissions of 7% to 8%. All this in addition to the 2% annual fee that he and his firm charged.
-----
Links from today's show:
SEC Charges Investment Advisor with Defrauding Clients in Connection with Annuity Sales
Self-Care with Jean Edelman Podcast
Jean on Twitter
Jean on Instagram
Brought to you by:
Global X ETFs
Invesco QQQ
Schwab
-----
Subscribe to podcast updates
The Truth About Your Future website
The Truth About Crypto
Have a question for Ric?
Follow Ric on social media:
YouTube
Disclosure page
-----
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