Penalties and fines

The wire fraud charge came nearly four years after the CFP Board revoked his certification.

The SEC sought $3.4 billion in sanctions, the lowest total since 2013, according to data collected by a law professor at Georgetown University.

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

Stockholders had alleged “false and misleading” financial statements.

The advisor used the money on cars and gambling in the latest Ponzi-like scheme, investigators say.

IRA balances are up, and so are divorces, particularly among baby boomers. These so-called gray divorces have roughly doubled over the past 25 years, according to the Pew Research Center.

Payouts from advisory firms have reached nearly $80 million as the regulator targets excess fees.

The IBD aims to be a 17,000-strong firm, but not every advisor will want to join up, experts warn.

The advisors collected $1.7 million by fraudulently pushing variable annuities, investigators say.

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