The wirehouse advisers create independent wealth management firm We Are One Seven in Cleveland
Alan Lazzara brought in $1.7 million in annual fees and commissions while a partner at William Blair.
He allegedly met the customer at church and took $25,000 from her under false pretenses.
The Gatto Hughes Group produced $5.3 million of revenue last year.
The $350M firm was concerned with joining a firm that could successfully navigate the DOL fiduciary rule.
Christopher Pierce allegedly stole from customers at Wells Fargo Bank
The hybrid RIA firm collects both commissions and fees for advice provided to union workers and their families.
Many see the new regulation speeding up a shift toward fee-based relationships as commissions become increasingly scrutinized for conflicts.
Sound Financial has $260 million in brokerage and advisory assets
A large portion of the money raised was never invested, the SEC alleged.
