A federal court in Colorado has entered a final consent judgment against Daniel B. Rudden and his Financial Visions companies for running a years-long Ponzi scheme.
The judgment in an action brought by the Securities and Exchange Commission permanently enjoins Rudden and his companies from violating antifraud provisions of the securities laws, orders disgorgement of $6.5 million, to be offset by the restitution imposed in the related criminal case, and provides that Rudden's frozen assets can be used to help satisfy that criminal restitution order.
In the parallel criminal case, Rudden was sentenced in June 2019 to serve 121 months in federal prison followed by three years of supervised release, and ordered to pay restitution of nearly $20 million to the victims of his Ponzi scheme.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
