The adviser boycotted her enforcement hearing, but that may not stop the regulator from throwing her out of the securities industry.
Tom Ajamie spoke with InvestmentNews senior columnist Jeff Benjamin about the case
Read Full Article on Archive.org“People inflate their AUM because it makes them look more successful,” said Tom Ajamie, managing partner at the law firm Ajamie and co-author with InvestmentNews senior columnist Bruce Kelly of the book, “Financial Serial Killers: Inside the World of Wall Street Money Hustlers, Swindlers and Con Men.”
“There's a lot more [AUM] inflation by advisers than people know about, because it usually takes place in private conversations and doesn't become this public,” he said.
(Original source no longer available.)