After eight years of litigation, which went all the way to the Supreme Court, the Securities and Exchange Commission earlier this week said it had reached a settlement with veteran financial adviser Raymond Lucia, who rose to national prominence on his radio show and in books touting an investment strategy known as “Buckets of Money.”

Announced Tuesday, the settlement bars Lucia from the securities industry but allows him to immediately reapply if he chooses; it also includes a fine of $25,000, most likely a small amount compared to the legal fees that Lucia has incurred in his fight with the SEC, which dates back to 2012.

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