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Insurance regulators want to revoke license, fine ‘Money Guy’ (access required)

Maryland insurance regulators want to revoke the license of investment adviser Philippe Rousseaux, arguing he and one of his companies, Everest Wealth Management Inc., should pay $62,400 in administrative penalties for improper business practices. They also want certain videos of Rousseaux giving investment advice removed from YouTube. In a preliminary order issued Wednesday, the Maryland Insurance Administration ...