The U.S. Securities and Exchange Commission has settled its civil lawsuit against Walter Morales and his firm, Commonwealth Advisors, sparing the Baton Rouge investment advisor from having to go to trial against the government on charges of defrauding investors and from admitting any wrongdoing in the long-running case. In return, however, Morales has agreed to
Morales settles with SEC, agreeing not to associate with investment advisors and paying $130K fine
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