SEC charges advisor with $19M fraud in commissions scheme

A Connecticut investment advisor is facing fraud and other charges for allegedly engaging in a scheme to steer $19 million of client assets into unsuitable, high-risk investments and concealing his commissions.

The SEC charged George L. Taylor and his firm, Temenos Advisory, with violating their fiduciary duty to put their clients’ interests first, and to disclose what the commission describes as blatant conflicts of interest. Read More