Sean Allocca

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.