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Tag Archives: ‘Money Guys’

Company that acquired ‘Money Guys’ firm ordered to stop advising investors

The company that acquired Towson-based Everest Wealth Management, which kept its license after former owner Philip Rousseaux lost his investment adviser registration, was ordered to halt investment advisory operations Friday. High Point Wealth Management and High Point Insurance Solutions operate ...

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‘Money Guys’ fight Maryland Insurance Administration’s revocation order

The Maryland Insurance Administration wants to put investment adviser Philip Rousseaux out of business despite the absence of any customer complaints against him or his company for the past dozen years, his attorney said in explaining to a hearing examiner Tuesday why MIA’s bid to strip the “Money Guys” infomercial star his insurance license should be rejected.

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‘Money Guys’ challenge to securities proceedings rejected

A trial judge on Thursday rejected as premature investment adviser Philip Rousseaux’s constitutional challenge to the Maryland securities commissioner’s administrative proceeding that seeks to revoke the “Money Guys” infomercial star’s license for having allegedly misled clients and falsified forms.

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Insurance regulators want to revoke license, fine ‘Money Guy’

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 ...

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‘Money Guy’ Rousseaux calls investigation unconstitutional

In her zeal to put television’s “Money Guys” out of business, Maryland’s securities commissioner has launched an administrative proceeding “devoid of due process” that accuses investment adviser and infomercial star Philip Rousseaux and his companies of having misled clients and falsified forms, Rousseax said in papers filed Tuesday in Baltimore City Circuit Court.

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