Enforcement

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

David Olson, an advisor of nearly 30 years, worked at Morgan Stanley until his termination in 2016.

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.

The trade group cautions that the SEC could outsource advisor oversight due to low examination rates.

Massachusetts regulators accuse the firm of running afoul of the impartial conduct standard by holding sales contests.

The regulator outlined the top priorities for 2018 examinations.

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

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

Advisors should expect more regulatory requirements, enforcement actions and uncertainty in 2018, experts say.

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.

Authorities say increased regulatory coordination has boosted scrutiny of firms and advisors.

Recent criminal charges parallel another case brought by the SEC against the broker.

The case marks the firm’s second in a month, but its special investigations unit helped crack it.

The move will streamline investigations and standardize sanctions, the regulator says.

Regulators now use deeper dives into specific areas rather than broad probes, experts say.

He confessed months after he was caught with 136 pounds of marijuana, investigators say.

He concealed 300 transactions over two years while raking in millions of dollars, investigators say.

The investor received 15 months in prison after pleading guilty to wire fraud.