Well it has happened again, and this time in my neighborhood...literally! Another so called financial planner has stolen from those who trusted him - his clients. This particular advisor told clients he managed over 600,000,000.00 in clients money, was a "Life Planner" and an agent for musicians, actors and writers. He was self proclaimed TN Businessman of the Year and a "leader" and "Trusted Advisor".
But wait! He didn't have a securities license, wasn't registered with the SEC, and was selling investments backed and "guaranteed" by the federal governments TARP program - a lie that will send him to prison I hope.
So how do you know who to trust? That's my next blog post...stay tuned!