Part one cracked the lid and the stink poured out – Ken Fisher’s sexist gob, elder abuse allegations, telemarketing sleaze, lawsuits stacked like takeaway boxes. But there was too much shit to fit into one serving. So here’s part two. The darker corners. The patterns they pray you won’t notice.

And yes – Fisher are still sat on Cummins’ shareholder register. As of 30 June 2025 they held around 3.28 million shares, worth about $1.07 billion, roughly 2.4% of the company. Cummins has happily hitched itself to an “investor” with a track record dirtier than a nightclub toilet at 3am. Another cog in an ecosystem where ethics are just a marketing slogan.

A Sales Machine That Won’t Fucking Quit

Fisher Investments built its empire the same way cockroaches infest a kitchen – relentless, invasive, impossible to ignore. Cold calls at dinner, letters through the door, adverts shouting at pensioners to hand over their savings. People begged them to piss off. They called again.

This isn’t marketing. It’s harassment with a suit on. And the targets are often the vulnerable – older people, retirees, people trying to stretch a pension into dignity. Fisher saw them as fresh meat. That’s not growth. That’s predation.

Arbitration – Justice In A Fucking Broom Cupboard

Here’s Fisher’s favourite trick: force everything into arbitration. Forget your day in court, forget precedent, forget sunlight. Clients sign contracts that funnel complaints into private rooms where Fisher can control the temperature and keep the public out.

One retiree tried to fight them in court and was told: nope, back into the arbitration broom cupboard you go. That’s not due process – that’s corporate muscle. Arbitration is supposed to be neutral. In practice it’s a stitched-up backroom where the big boys hold the cards and the little guy bleeds quietly.

When The Awards Come – And They Do – They Fucking Hurt

For all the legal wriggling, Fisher doesn’t always walk away clean. Arbitrators have nailed them with six-figure awards. In one case, a retiree was shoved out of a bond portfolio and dumped into an all-equity strategy. For someone who just wanted stability, that’s financial Russian roulette.

The award? About $376,000. And that’s just the one we know about. Most claims never see daylight – buried in settlements, gagged in arbitration. For Fisher, this isn’t shame. It’s just the cost of doing business.

Elder Abuse, Tax Bills And Picking Off The Weak

A 75-year-old woman claimed Fisher’s “management” left her with nearly a million in tax bills. She accused them of elder abuse. She died before the case was resolved. Read that again. An old woman taken to pieces by the taxman because of the firm’s advice.

That’s not a mistake. That’s systemic negligence dressed up as financial expertise. It’s picking off the weak. It’s what happens when growth is god and clients are nothing but walking cheques.

Cold-Call Class Actions And Legal Fuckery

Fisher’s telemarketing obsession landed them in a federal class action over spam calls and automated dialling. People on the do-not-call list were hounded anyway. The case was eventually dismissed. But dismissal doesn’t scrub away the truth – that hundreds of people complained about the same pushy bullshit.

The legal acrobatics might have saved them a payout, but the smell doesn’t go away. Clients, prospects, regulators – all left with the impression that Fisher is perfectly happy to dance on the edge of the law as long as the phones keep ringing.

Culture Of Fear, Culture Of Fucking Growth

Journalists who’ve dug inside paint the same picture: a culture obsessed with sales, contemptuous of dissent, and utterly deaf to ethics. It’s not one rotten apple – it’s the whole orchard wired to pump numbers at any cost.

When a company builds itself on pressure and bravado, scandals aren’t accidents. They’re inevitable. Fisher doesn’t give a shit about dignity. It gives a shit about asset growth. Everything else – clients, reputation, trust – is collateral damage.

Cummins – Another Cog In The Dirty Machine

And here’s the kicker. Cummins, already soaked in emissions scandals, labour fights, and other “questionable” associations counts Fisher among its biggest shareholders. Over a billion dollars’ worth of stock tied to a firm with this kind of track record.

This is the Cummins ecosystem in practice – a revolving door of investors and executives who talk about “values” while wiping their arse with them. Fisher fits right in. It’s not a partnership. It’s a pact of convenience where money is the only god.

Final Word – Don’t Let Them Off The Hook

Fisher Investments isn’t misunderstood. It’s a machine built on harassment, arbitration clauses and a total disregard for the people it’s supposed to serve. It’s been sued, fined, exposed, and yet it keeps growing because too many people look away.

Cummins lets them sit fat on the register. That should make every honest shareholder furious. What kind of ecosystem are we building here? One where companies are held to account – or one where ethics don’t matter as long as the cash rolls in?

Lee Thompson – Founder, The Cummins Accountability Project

Shareholder Spotlight : Caught in the Net – Fisher Investments LLC Part Two