Jury Finds Massachusetts Advisor Failed to Disclose Annuity Conflicts to Retirees

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.