The former head of a Delaware RIA, who worked for 10 firms in less than 20 years, will have to find a new occupation.

Michael Donnelly, the former president of Coastal Investment Advisors, a Wilmington, Del.-based RIA with an affiliated broker-dealer, has agreed to settle charges with the SEC that he stole nearly $2 million from his advisory clients and brokerage customers from 2007 through August 2014.

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