'Money Guys' founder Philip Rousseaux loses bet on himself in fight against state

The Maryland Insurance Administration has for the second time revoked Philip Rousseaux's insurance producer license — this time because of a bet he made on himself. Rousseaux and his companies, Everest Wealth Management and Everest Investment Advisors, have been locked in simultaneous legal battles against the insurance administration and the securities division in Attorney General Brian Frosh's office. They remain barred from acting as investment advisers and selling securities. (Balt. Bus. Journal)

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