Regulation

Nicholas Mitsakos allegedly used the funds to pay his credit card bills and make payments on his Mercedes, authorities charge.

The hedge fund's investment to-date in the New York-based bank is valued at more than $1.25 billion.

The regulator sanctioned the brokerage firm for supervisory failures that stretched over a nearly two year period.

Since last year's rout, exchanges, issuers of exchange-traded products and other market players have met to discuss improvements.

Former Philadelphia Eagles player Merrill Robertson Jr. funded "luxurious" lifestyle with life savings of football coaches, complaint says.

Client claimed that adviser's recommended strategy earned fees and commissions for the bank but wrecked his inheritance from his great grandfather.

Arbitrators for the regulator also awarded an expungement to Dale Cebert, who claimed a campaign to damage his reputation followed his termination from the wirehouse.

Assets under advisement were said to be $13 billion. The AUM was much less.

One of the alleged fraudsters used client funds to pay off gambling debts, according to authorities.

The Wall Street regulator says the firm repeatedly ignored red flags for years.