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“It starts out small,” the advisor told his compliance officer, authorities say. “You think you are going to pay it back.”
February 24
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A Senate bill would provide liability protections for advisors who report suspected abuse of senior clients.
February 21
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The former broker, who pleaded guilty to securities fraud last month, allegedly promised clients returns of up to 15% and used proceeds for personal expenses.
January 4
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Charles J. Dushek allegedly made trades without designating in advance whether he was trading personal money or client assets.
December 21
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The firm’s review process is called "paper-thin" after an adviser is charged with selling retirees unsuitable variable annuities and fabricating client information.
December 2
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Friends and business associates lost $2 million in a Ponzi-like scheme.
November 2
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Regulator comes down hard on compliance failures; additional $6.3 million must be paid back to investors.
November 2
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One of the sanctioned advisers has 26 disclosure events listed on his FINRA BrokerCheck record while remaining in good standing with Ameriprise.
October 21
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Prosecutors served a warrant seeking names of employees who opened unauthorized accounts, as well as the bank’s fee structure and a calculation of losses suffered by affected customers.
October 20
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Paul T. Lebel excessively traded shares that carried large front-end loads and "willfully disregarded the customers' interest," the agency said.
October 19
