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Jury Finds Massachusetts Advisor Failed to Disclose Annuity Conflicts to Retirees
News April 24, 2025 at 09:42 AM
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What You Need To Know
- The jury found Cutter failed to disclose to clients significant upfront commissions, among other conflicts of interest.
- Cutter and his firm marketed services to current and future retirees.
- The verdict holds Cutter and his firm "accountable for breaching their fiduciary duties to their clients," said acting SEC enforcement director Samuel Waldon.
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