FINRA

The regulator found the firm was deficient on capital requirements and, on 84 occasions, did not accurately calculate its customer reserve requirements.

The stolen funds allegedly went to pay for college expenses and credit card bills, according to federal prosecutors.

The stolen funds went to pay for his daughter’s college expenses and to reimburse other clients, according to federal prosecutors.

The two declined to cooperate with investigations into allegations that they engaged in undisclosed outside business ventures.

Frequent recruitment adds to the firm’s bench after stemming an outflow of talent late last year.

The former Edward Jones broker wanted to get back at his competitor for stealing a client.

Morgan Stanley and one of its advisors were ordered to return the entrepreneur's investment in two private placement funds totaling $536,000 and pay him $37,500 in compensatory damages.

Investigators say the broker spent his clients’ money on luxury cars and home improvements.

The effort will allow other critical resources to be focused on more substantive matters such as examinations and licensing requirements.

Compliance and technology hurdles have snarled firms’ efforts to address a longtime gripe.