Wealth manager Peter J. Eichler Jr., of Pacific Palisades, Calif., once had more than $10 billion in assets under management. Following his RIA’s bankruptcy filing in November, however, the SEC has filed a lawsuit against Eichler and Aletheia Research and Management for alleged securities fraud and for allegedly violating fiduciary duties to clients and to the funds Aletheia managed. (The bankruptcy filing was posted in its entirety on Scribd by the New York Times' DealBook site.)
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