The latest regulatory, disciplinary and criminal actions.
Broker pleaded guilty in April to raiding two long-term clients’ accounts for personal expenses and a wind farm investment.
Ohio manager overstated the miles he had traveled while visiting branches in order to convert nearly $2,000, Finra said.
Virginia advisor timely repaid a $250,000 loan he used to remodel his “breakaway” office while at the wirehouse, but lost his job and has been sanctioned for failing to receive Merrill approval.
Florida advisor shifted client assets to a bond account so he could maintain his status as an “international” financial advisor.
Hybrid broker and advisory firm that manages $1.5 billion agreed to pay $242,000 for putting advisory clients into 12b-1 share classes and for steering them to a custodian that was paying the firm for the referrals.
Miami broker helped his father-in-law execute a $200 million fraud that earlier led Raymond James to more than $165 million of regulatory settlements.
A former Morgan Stanley broker plans to plead guilty for trading on secret tips about pending mergers that were leaked by a Bank of America Corp. consultant, prosecutors said.
New York City broker gamed MetLife Securities’ “Co-Op Marketing Program” by altering personal American Express card transactions.
Says broker with 27 years of experience had since 2011 given Wells Fargo Advisors, Morgan Stanley and FSC Securities inaccurate birth dates that impeded their obligation to maintain accurate books and records.
Former LPL advisor traded in and out of 20 fund families depriving a customer of breakpoint discounts and doubling his commissions over two years, Finra says.