Widely followed financial planner Dawn J. Bennett hosted a radio show called Financial Myth Busting, and federal authorities allege her on-air claims about her AUM were myths, too.
The SEC announced fraud charges Wednesday claiming that the Washington, D.C.-based advisor “frequently touted to customers and more broadly on her paid radio program that highly profitable investment returns generated by Bennett Group Financial Services placed it in the ‘top 1%’ of firms worldwide without disclosing that the returns were calculated for a model portfolio and not based on actual investor performance.”
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