218 THE SECURITIES INDUSTRY Putman was the founder and majority owner of SEC-registered investment adviser Wealth Management LLC. Most of his clients were wealthy individuals. According to the SEC, in 2006 and 2007, Putman and Wealth Management's former president and chief invest- ment officer, Simone Fevola, breached their fiduciary duty to clients by accepting $1.24 million in undisclosed payments from unregistered investment pools in exchange for directing Wealth Management cli- ents into those pools. In March 2010, Fevola settled the charges with- out admitting or denying the SEC's allegations. As of this writing, Putman is awaiting trial. Additional Designations Beyond the CFA and the CFP lies a jungle of additional designations,