After five hours of deliberation, the jury found that Cutter Financial Group and its president, Jeffrey Cutter, liable for violating Section 206(2) of the Investment Advisers Act, which prohibits “fraud or deceit upon any client or prospective client,” but sided with the defendant on two other counts.
After five hours of deliberation, the jury found that Cutter Financial Group and its president, Jeffrey Cutter, liable for violating Section 206(2) of the Investment Advisers Act, which prohibits “fraud or deceit upon any client or prospective client,” but sided with the defendant on two other counts.
