Margarida Correia

The fraudster swindled nine Fidelity customers out of more than $1 million over a seven-year period.

Tammy Petersen will be on federal probation for three years and will have to complete 200 hours of community service for embezzling more than $118,000 from Bank of America customer accounts.

David Sawyer will lead a team dedicated to developing and executing strategies to grow BMO's trust business in Delaware.

Thomas Melcher, managing executive of PNC's ultrahigh-net-worth wealth management unit, will assume his new role on Jan. 1, succeeding James Dunigan, who retires next year.

The bank's wealth management group has launched a new offering that caters to owners of small- to medium-sized businesses.

The move has hastened the transition to fee-based business and better positioned wealth management for growth.

The former rep was barred last week for failing to cooperate with a FINRA investigation into allegations that he swiped $65,000 from a bank customer's account.

Jon Dauphiné, a former AARP executive, was named the foundation's executive director. He replaces Jim Peniston, who is retiring after 13 years of service.

The institution employs four advisors who have $112 million in AUM.

The former rep was reprimanded for allegedly recommending municipal unit investment trusts to bank customers without understanding the risks and rewards of the products he touted.