Penalties and fines

A settlement with Massachusetts regulators resolved a nontraded REIT case, but NPH’s terminations from FINRA and a handful of states are still pending.

The firm "deprived its clients of unbiased financial advice," the regulator says.

Five fired and barred former registered reps stole more than $1 million from clients over a four-year period, according to the regulator.

The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted.

The case offers a new look at decisions made inside one of the nation’s largest home lenders before the financial crisis, and the evidence that executives saw of mounting trouble.

The barred onetime Questar Capital and Woodbury Financial rep had pleaded guilty to the scam, which he says stemmed from a gambling addiction.

The SEC claims Schwab failed to file reports on suspicious transactions by independent advisors.

Company policies were not reasonably designed to detect and prevent misconduct, the SEC claims after one advisor allegedly misappropriated more than $5 million from client accounts.

Critics say the SEC isn’t living up to promises made when Jay Clayton became chairman.

The firm has spent the last two years working to overcome various scandals.

The firm cannot increase assets until it comes up with a plan to fix its internal controls.

Allegations of undisclosed private securities transactions by a former advisor followed two significant mutual fund cases involving the IBD network’s practices.

The brokerage ranks shrank by 258 from the year-ago period.

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business.

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.

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

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.