The latest regulatory, disciplinary and criminal actions.
Finra suspends one former Merrill FA in Arizona who tried hawking clients’ names to another broker and a former associate in Georgia who took client-signature shortcuts.
Registered investment advisor, formerly known as ING Financial Partners, was paid by clearing firm to promote its no-transaction-fee fund platform.
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.