The felony larceny and securities fraud charges against former broker Theodore Sihpol have forced Bank of America’s Nations Funds unit into a precarious spot in which losing investors is a distinct possibility, according to fund experts.

"I would have to make the assumption: ‘Better safe than sorry,’" Harold Evensky, a certified financial planner from the Florida firm Evensky, Brown & Katz told Reuters. "It’s not like there aren’t other funds."

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