SEC Accuses Greg Lindberg and His RIA of $75 Million Fraud Scheme

Earlier this summer season, insurance coverage government Greg Lindberg left jail after efficiently interesting bribery and fraud convictions. Now he finds himself in authorized hassle once more. 

The SEC Tuesday sued Lindberg, affiliate Christopher Herwig, and their Malta-based registered funding advisory agency, Normal Advisory Providers Restricted, accusing them of defrauding purchasers out of greater than $75 million by undisclosed transactions that benefited themselves and their firms.

The U.S. Securities and Change Fee seal


Andrew Harrer/Bloomberg

The regulator filed civil prices in opposition to the 2 males and the agency in a federal court docket in North Carolina, in search of

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DPL Monetary Companions RIA Survey Exhibits Continued Uptick in Annuity Utilization, however Finds Many Nonetheless Rolling the Cube With Dangerous Investments for Retirees

LOUISVILLE, Ky., September 30, 2021–(BUSINESS WIRE)–DPL Monetary Companions (“DPL”), the main turnkey insurance coverage platform for registered funding advisors (“RIAs”), launched the outcomes of its annual RIA Retirement Planning Survey, which discovered many advisors nonetheless attempting to adapt their practices to the realities of this period of low rates of interest. Whereas many are scuffling with elevated danger in consumer portfolios and the challenges of billing AUM charges on low yielding property, a rising variety of their friends embrace the earnings and draw back safety options supplied by annuities to unravel these issues. The survey, which polled greater than

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