SEC Charges Advisor For Defrauding High-Profile Athlete And Wife

As an advisor with HCR Wealth Advisors, Jeremy Drake repeatedly lied to the couple over a three-year period about the fees they were paying until he was fired in July 2016. He had about 20 clients and managed a total of roughly $50 million in client assets while at HCR Wealth Advisors, according to the complaint filed by the SEC. He also falsified account statements…