Richard M. Crabtree, who was based in Annapolis, Maryland, began defrauding a client in 2016, according to the agency.
The results of the investigation could be released as soon as Wednesday and could see regulators extracting total fines of around $2 billion.
'Attestation' will lead to more reliable data for investors, but there are hurdles to overcome first.
Federal prosecutors also accused James T. Patten, Peter L. Coker Sr. and Peter L. Coker Jr. of artificially inflating the price of two companies through manipulative trading.
It's been win some, lose some for UBS as it defends its complex options strategy, but lately investors seem to be prevailing more.
Daniel Lerner, who's executive vice president of investor services at David Lerner Associates, faces potential disciplinary action over sales of energy funds.
The Republican party is favored to win the House in November's election. But even with control of that chamber, the legislative path for GOP bills is perilous.
U.S. Attorney’s Office files a parallel criminal charge against James McDonald, who is believed to be in hiding.
Andrew Hartnett, who's deputy administrator for securities in Iowa's Insurance Division, has put assessing the broker conduct standard at the top of his priority list at NASAA.
Judge rejects Amy Cooper's suit against Franklin Resources in which she claimed racial and sexual discrimination and defamation.
But NASAA reports increase in both fines and restitution in 2021, with states collecting $145 million in fines and returning $312 million to investors.
The bank remains committed to turning itself around after a series of scandals, but implementing all its plans will take time, Scharf said in prepared testimony for a congressional committee hearing.
The move aligns state policy with a Finra initiative that extended the grace from two to five years as long as brokers stay current on continuing education.
When the bank replaced hard drives and servers, it improperly disposed of thousands of devices, compromising the personal data of about 15 million clients.
A risk alert released Monday gives advisers a preview of how the agency will assess compliance with the regulation, which overhauls advertising restrictions for the first time in 60 years.
Finra's rule proposal would tighten the process for clearing customer disputes from broker records, but NASAA is not yet on board.
Last week, Judge Rodolfo Ruiz gave the SEC 10 days to negotiate a settlement with Par Funding founders Joseph LaForte and his wife, Lisa McElhone.
The SEC chief wants to wring cost savings out of the middle of the financial markets, where intermediaries make money.
A pair of exchange-traded funds would analyze the financial disclosure of lawmakers from both parties and their spouses and dependent children.
A group of 13 signed an open letter that calls out moves against ESG criteria being used in investing public money as politically motivated.
