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.

Three firms have fired the broker, whose former clients have won $494,000 in settlements.

The broker’s written promise of 7% returns on a variable annuity made for a simple case, the lawyer for the claimant says.

On the heels of a record-breaking year in enforcement, the regulator takes aim at cybersecurity, anti-money laundering policies and protection for senior clients.

A federal judge issued a restraining order and a temporary asset freeze against the former broker.

The broker slashed her payment by pressing for funds she said the firm promised but never paid.

Stocks and Puerto Rican bonds are the focus of many cases among clients, advisers and firms.

The wirehouse has already paid $415 million in fines and disgorged profits in a settlement.

The transactions cost the client $575,000 in fees and lost dividend payments, according to FINRA.

An adviser at the firm squandered the aging clients' retirement money on oil and gas investments and Puerto Rico bonds, their lawyer said.

The former planner says she was wrongfully terminated and that she did not agree to settle with the wirehouse.