More than a decade ago, local investors sued Walter Morales and his firm, Commonwealth Advisors, alleging that they were misled about how risky their investments were and how their money was handled, which Morales denied. While Morales settled a similar suit with the U.S. Securities and Exchange Commission in 2018–admitting no wrongdoing but agreeing to
Case against prominent Baton Rouge investment adviser may finally be winding down
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