American Advisors Group has tapped a veteran financial industry executive and in-house leader to serve as the reverse mortgage lender’s chief compliance officer. 

Kristina Larese’s arrival at Irvine, California-based AAG comes after the company agreed in October to pay a nearly $1.3 million penalty to settle allegations that it used “inflated and deceptive home estimates to lure customers into taking out reverse mortgages.”

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