U.S. Attorneys Office

A FINRA arbitration claim followed an asset freeze and the launch of a federal investigation into the fired advisor’s RIA.

The Justice Department disclosed a felony probe the day before the broker’s termination.

The broker misappropriated his clients’ investment money for rent, credit card bills and other personal uses, investigators say.

The two IBDs have agreed to pay restitution in one of the largest securities fraud cases in the advisor’s home state.

Spanning 50 federal districts, the case involves criminal and civil charges for as many as 200 defendants.

Caleb Fackrell repeatedly called his behavior “insane” in his testimony, according to transcripts obtained by Financial Planning.

Authorities say the now barred broker concealed his fraud through a variety of methods, including by creating falsified tax forms and lying to accountants.

The regulator charged the firm and its owner with fraud in a case centered on commissions and 12b-1 fees.

The former broker met some of his roughly 60 victims through his associations with the NFL and the University of Virginia, where he also played football, federal prosecutors said.

He intercepted checks from her home when she wasn’t there and forged her signature to steal her money, investigators say.

The wire fraud charge came nearly four years after the CFP Board revoked his certification.

A 75-year-old widowed retiree allegedly lost nearly half of her $3 million investment in the scheme.

Tom Buck was once a top-ranked Barron's advisor at the wirehouse, where he worked for more than 30 years.

Bernard Parker spent his client's money on his home, car and father-in-law’s bills, according to federal prosecutors.

What led Louis Martin Blazer III to cooperate with federal prosecutors?

Louis Martin Blazer is a "cooperating witness" in the federal case targeting corruption in college basketball.

Advisor Munish Sood is charged with fraud and bribery by FBI and U.S. Attorney.

The advisor targeted clients he obtained at Social Security seminars, according to prosecutors.

The advisor was accused of stealing more than $1 million from his clients to pay for golf course fees, tanning salons and other personal expenses.

The one-time radio host allegedly spent client funds on a $1.45 million on a luxury suite at AT&T stadium, where the Dallas Cowboys play.