SEC orders Adam Nugent, FWM to pay $3 million over cannabis investment scheme

The Securities and Exchange Commission (SEC) announced on Tuesday that it had settled fraud charges against Utah-based registered investment adviser Foresight Wealth Management (FWM) and its principal, Adam E. Nugent, for violations related to a private fund they managed. The SEC is ordering them to pay more than $3 million for allegedly defrauding investors who gave roughly $19.5…