Finra bans Cincinnati broker for about $730 worth of forged garage validations.
One stole $8,700 from a charity account, another sold $176,000 of clients’ stocks to pay her mortgage and decorate a home.
Arbitration panel upholds claim that regional firm’s hiring of six brokers in a new market violated regulator’s rules of conduct.
Recruiters and managers at the firm say hiring dropped off as banking scandal unfolded.
Also agrees to recruit more African American brokers, establish an expense-account pool for them and seek more minority candidates for management positions.
Newport Beach advisor couldn’t defend aggressive trading patterns when questioned by regulators, sources said.
Under the shadow of its sham-account scandal, Wells Fargo is expected to tells advisors on Thursday they can’t use bank product sales to lift their 2017 pay.
Brokerage president David Kowach elevates FiNet’s Kent Christian and new CIO Cindy Buckler to his operating committee.