Two former brokers with past disciplinary records took $5 million in client money, some of which they transferred to their wives' bank accounts, the SEC says.

The commission won a court order to stop James Hugh Brennan III, 67, and Douglas Albert Dyer, 56, from what it describes as an ongoing fraud.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access