Sean Allocca

Overall, the advisor defrauded at least nine clients out of $1 million, which he used to pay for tuition and mortgage payments, federal prosecutors say.

The Ponzi-like scheme used investor funds to pay other investors’ debts and cover personal expenses.

Headcount has dropped four out of the last five quarters as numerous scandals have hit the bank.

Miguel Ballestas was discharged from the firm after allegations of insider trading.

The $3 billion marriage of robo and radio advice has some expecting more deals and pressure on RIAs to increase focus on scale and deliver a better digital customer experience.

In a stunning all-cash deal, every RIA is put on notice that the future is in digital wealth management.

The funds paid for multiple vehicles, bedroom furniture and debts at casinos, prosecutors say.

The influential retiree advocacy group filed for a 17-judge review of the decision.

An unregistered advisor with little investing experience raised $1.4 million from family and friends and then squandered the money on bad investments, federal prosecutors say.

The latest moves bolster the firm’s presence in the Northeast.

The defrauded clients included the advisor’s own in-laws, who had suffered from Alzheimer’s and a debilitating stroke.

Dennis Zank will continue to be affiliated with Raymond James as a financial advisor.

By focusing on the relationship, RIAs can outdo automated investors — and charge accordingly, says CEO Joe Duran.

The claim alleged negligence, fraud and misrepresentation, according to the regulator.

Tom Thives, a 34-year industry veteran, will head up the firm’s offices in New Jersey.

One couple in their eighties invested more than $700,000 with the alleged schemers, representing almost the entirety of their cashed-out pension, regulators say.

The WiseBanyan platform currently has $153 million in assets under management and 32,000 clients.

The misconduct is so pervasive that the regulator is temporarily allowing violators to come forward.

The new data will allow retail investors to better compare active and passive funds.

The claims come after internal struggles at the chapter left the boardroom “untenable,” the association says.