Business ProfileforCWM Retirement Plan Services, LLC
Current Alerts For This Business
On June 1, 2021, Securities and Exchange Commission charged Massachusetts-based investment adviser James K. Couture, owner of CWM Retirement Plan Services, with defrauding his advisory clients, including by misappropriating approximately $2.9 million from them.
SEC's complaint alleges that from approximately 2009 to December 2019, James K. Couture fraudulently prompted his advisory clients to sell portions of their securities
holdings in order to fund large money transfers to an entity that, unbeknownst to his clients, Couture owned and controlled.
Complaint alleges that Couture lulled clients into believing that their sale proceeds had been reinvested by providing them with fabricated account statements. When clients requested withdrawals, Couture allegedly took assets from his other
advisory clients to cover those withdrawals.
This matter is pending.
For more details go to: https://www.sec.gov/litigation/litreleases/2021/lr25104.htm
Additional Information:
On June 2, 2021, James Couture, 42, of Sutton, was charged with three counts of wire fraud and one count of aggravated identity theft. Couture will make an initial appearance in federal court in Boston at a later date.
This matter is pending.
For more details go to: https://www.justice.gov/usao-ma/pr/worcester-investment-advisor-charged-fraud
At-a-glance
Related Categories
Business Details
- Location of This Business
- 11 Foster St STE 200, Worcester, MA 01608
- BBB File Opened:
- 6/1/2020
- Number of Employees:
- 1
- Business Management
- Mr. James Couture, President
- Additional Contact Information
Phone Numbers
- (508) 749-0350Other Phone
Email Addresses
- Primary
- (508) 749-0350
Customer Complaints
0 Customer Complaints
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