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Regulators Shut Down Advisor Who Made Misleading Statements

The Michigan Department of Licensing and Regulatory Affairs has fined Creative Wealth Strategies and its principal $120,000 and has ordered the firm to cease operations following an investigation into violation of securities rules. So reports Downtown Publications.

The regulator maintains that the firm sold investment contracts that were neither registered or exempted from registration and also made misleading statements.

Read the full article from Downtown Publications.

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