Firm also censured for failure to supervise share class recommendations.
Sales ability and experience remains a high priority for new personnel.
While generally satisfied, wealthy investors expect better returns and more value.
Agency claims Jay Costa Kelter used clients' money 'as own personal piggy bank.'
The chief economic adviser at Allianz would hold the second highest position at the Fed, potentially behind chairman nominee Jerome Powell.
Kevin J. McDermott and John G. Kane set up own firm in West Chester, Penn.
Firm's anti-money-laundering unit failed to file timely Suspicious Activity Reports, regulator says.
Whistleblowers cited in Times article say the pension giant pressured reps to push expensive managed accounts.
Rep ordered to pay $245,000 in fines and restitution; Legend Securities fined $200,000.
Firm failed to set up systems and adequately supervise representatives, regulator says.
