A ruling in an SEC case has fined a longtime investment advisor nearly $1 million and barred him from the industry for life for what his lawyer says was a technical mistake in the way he footnoted magazine advertisements and provided information to Morningstar.
"It's like rolling through a stop sign and you get the death penalty," said Maitland, Fla., attorney Philip Snyderburn, who represented advisor Max Zavanelli of Florida-based ZPR Investment Management. "We were a little shocked."
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access