The latest regulatory, disciplinary and criminal actions.
Faces up to five years in prison for stealing more than $1.5 million from clients through trust raids and management fees well above his promised range of 1-1.5%.
Southlake, Texas, broker misled the firm about his role in facilitating the client’s half-million-dollar investment, Finra said.
Accuses Oklahoma advisor of filling out a blank check for $22,000 from a customer with dementia, picking up another $22,000 in cash from him.
Finra bans Cincinnati broker for about $730 worth of forged garage validations.
New Jersey broker says arbitrators violated Finra evidence rules in ordering him to return $1.6 million for forgivable loan balance and attorneys’ fees.
Former Morgan Stanley and Wells Fargo advisor raised more than $5 million from athletes and others without reporting activities to their firms.
Suburban Chicagoan generated fees from accounts that lost $400,000.
Firm files lawsuit to restrain Seattle broker from contacting team clients from his new post at RBC.
Customer in Cleveland complained about deceptive and deficient account information but provided no details, arbitrators rule.