The cease and desist order says the two advisors failed to notify their clients of the compensation.
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Tampa, Fla. area advisors Larry C. Grossman and Gregory J. Adams generated $4.3 million from recommending risky offshore funds that had red flags, according to an enforcement action from the Securities and Exchange Commission. So reports Courthouse News Service.
The cease and desist order says the two advisors failed to notify their clients of the compensation.