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‘Buckets of Money’ Advisor Settles With SEC After Long Legal Battle
After a 10-year battle including a Supreme Court case in which he prevailed over the Securities and Exchange Commission, former RIA Raymond Lucia Sr. and his former advisory firm, Raymond J. Lucia Cos., agreed Tuesday to settle charges related to the marketing of their “Buckets of Money” retirement investing strategy. Lucia will pay a $25,000…
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Interview with attorney Jared McClain: SBA Unlawfully Denies Much-Needed PPP Loans
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After Winning Supreme Court Battle, Adviser Settles With SEC
A former investment adviser who successfully argued before the U.S. Supreme Court that the administrative law judge in his U.S. Securities and Exchange Commission proceedings was appointed unconstitutionally has agreed to pay $25,000 to settle his case with the SEC, ending eight years of litigation, according to Tuesday SEC filings. Read the full article …
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Interview With Attorney Jared Mcclain on The Lars Larson Show: The Case Against SBA
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PPP wrongly denied to business owners with felonious past, lawsuit charges
Mark Weissman was filling out his federal Paycheck Protection Program application when he was asked if he has a criminal history. The answer was yes, which automatically disqualified his real estate business in Cedarhurst on Long Island. “It was another punch in the stomach,” said Weissman, who laid off four employees. “You try to think…
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SBA Sued Over Criminal History Bar For Biz Relief Loans
A Maryland business owner is suing to force the Small Business Administration to open the Paycheck Protection Program to borrowers with a criminal past, claiming the agency can’t pick and choose “who is and is not morally worthy” of aid from the coronavirus relief loan program. In a complaint filed in Baltimore federal court, Altimont…
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