FINRA

The advisor was accused in a lawsuit in January of swindling a Georgia couple out of $330,000 in retirement savings.

The parade of ousted bank advisors continues, but unlike previous offenses, this time it involves far less money.

Robert Dekas claimed the firm breached its fiduciary duty by executing trades in unsuitable investments, says the regulator.

The broker used the funds to pay his mortgage, FINRA claimed.

While such an act may seem like career suicide, it can in fact be a move to do just the opposite, according to attorneys.

The fraudulent investments advertised guaranteed returns of up to 8% annually, the regulator says.

The reps join a slew of others who chose not to cooperate with FINRA investigations — at least 21 since 2017 — and therefore agreed to an automatic ban.

Dean Mustaphalli "deceived the clients that trusted him," New York Attorney General Barbara Underwood said.

The ability for consumers to access and share data in one place could transform financial advice.

The firm provided some 82,400 initial and annual privacy notices to customers that were not compliant and in some cases provided no notices at all, FINRA claimed.