Geneos Wealth Management, Inc.
Date:
April 22, 2022
Type of alert:
FINRA AWC
Geneos Wealth Management, Inc. recently entered into a FINRA Acceptance, Waiver, and Consent. Geneos allegedly failed to reasonably supervise representatives’ recommendations of the LJM Preservation & Growth Fund, an alternative investment. The representatives sold over $250 million in LJM and then the value dropped 80%. Geneos consented, without confirming or denying the allegations, to a censure, $150,000 fine, and restitution of over $250,000.
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