FINRA

The adviser refused to provide the regulator with the documents it needed to investigate allegations that he converted funds from a bank customer.

The firm has collected more than $1.1 million in arbitration cases so far this year.

Regulators now use deeper dives into specific areas rather than broad probes, experts say.

The rep was suspended for 18 months and fined $7,500 for allegedly adding his wife as a 50% primary beneficiary to a customer's variable annuity without the customer's knowledge.

Approximately $4,500 was used to sponsor a cricket club via a shell company, authorities say.

Robert Cook said wealth management firms "must do their part."

He confessed months after he was caught with 136 pounds of marijuana, investigators say.

The broker breached two promissory notes, which had outstanding balances of $544,000 and $345,000, according to a FINRA arbitration ruling.

Experts stress that advisers are on the frontlines in detecting when senior clients suffer from diminished capacity or fall victim to abuse.

They seek a refund and damages after they said the firm directed them to its Thinkorswim website, according to a FINRA arbitration filing.