$17.5 Million for Potentially Misleading Statements about ESG Investing

We’re diving deep into the world of trust (or lack thereof) in the financial services industry! This episode is all about how trust in your financial advisor should be more than just a warm fuzzy feeling; it needs to be backed by proactive planning and accountability. We'll break down two compelling cases: one involving a major investment firm hit with a $17.5 million civil penalty for allegedly making misleading statements about its ESG-focused investments, and another where an advisor orchestrated a Ponzi scheme to deceive clients.📢 We Want Your Input! Take our quick two-question survey here and tell us what’s most important to YOU when choosing a financial advisor.Takeaways:Trust in financial advisors is crucial, but it must be verified through their actions and performance standards. Beware of investment firms that claim high returns with little risk; if it sounds too good to be true, it probably is. A Ponzi scheme can happen to anyone; always do your homework before entrusting your money to an advisor. Investing should align with your values, but ensure your advisor is genuinely representing those values. Don't follow the flashy marketing; focus on the fundamentals of investing for long-term success. We'd love your input. Take our quick survey at https://forms.office.com/r/837zquxdETPonzi scheme source https://www.justice.gov/usao-ednc/pr/raleigh-investment-advisor-s-40-year-sentence-ponzi-scheme-and-obstruction-affirmedarticle referenced about Invesco at https://www.mofo.com/resources/insights/241220-top-5-sec-enforcement-developments-for-november-2024Volkswagen article at https://www.bbc.com/news/business-34324772.amp_____________________________________________________🅿️ For more DTS content check out our Patreon_____________________________________________________________Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.comYou can watch all episodes, as well as other great content produced by NQR Media through their YouTube channel at https://youtube.com/@NQRMedia📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia______________________________________________________________About Your Co-Hosts:Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership...