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.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access