Financial crimes

The former broker bilked more than a dozen former clients over an eight-year period, prosecutors said.

Clients have received a combined $3.7 million in settlements involving two barred former reps of the IBD set to be acquired by Atria Wealth Solutions.

Royal Alliance must pay more than $2.5 million to one ex-client while dealing with charges against the firm and a former rep by William Galvin’s office.

Investigators say the onetime FiNet branch manager preyed on “particularly vulnerable” clients, including several with dementia.

The IBD network’s parent repurchased the majority of Dr. Phillip Frost’s shares just before the SEC filed proposed settlements of its pump-and-dump case.

The clients say their advisor improperly invested their funds in a Miami Beach nightclub that failed.

The alleged supervisory lapses occurred over a five-year period, according to the regulator.

Former Securities America rep Hector May carried out a 20-year scam through his outside RIA, according to prosecutors

James Polese and another advisor used the funds to pay bills and cover kids’ college tuition, according to the Department of Justice.

Scammers can learn quite a bit of information from social media so don’t think that just because they know a couple pieces of information about you and your family that they are legit.