Chris Novinger |
The SEC filed charges in federal court against Novers Financial and its principals, Christopher A. Novinger, 38, and Brady J. Speers, 45, both of Mansfield. They host the “Retirement Experts Radio Show” on WBAP 820 AM / 99.5 FM HD2.
The SEC said from 2012 to 2014, they sold about $4.3 million in life settlement interests to 26 investors.
Brady Speers |
“We allege that Novinger and Speers described speculative investments as safe and secure and were willing to manipulate investors’ financial information to make a sale,” said David Peavler, associate director of the SEC’s Fort Worth Regional Office. “No matter what a salesperson tells you, interests in life settlements are never guaranteed, risk-free, or federally insured.”
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