Texas RIA and founder in hot water over crypto-backed model portfolio. - InvestmentNews
Texas RIA Advisors Crypto Inc. and founder Eric W. Kendrick were charged by Washington State for misleading statements about risks in a crypto-backed model portfolio. The firm, formerly KG Advisors, failed to disclose investment risks and made unsuitable recommendations for senior clients. Washington State plans fines of $50,000 for the firm and $30,000 for Kendrick.
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