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By Marlene Y. Satter and Melanie Waddell, AdvisorOne |
September 13, 2012
Among recent SEC enforcement actions were charges that a broker stole client funds and used them to pay for his own personal expenses, including groceries and a mortgage.
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By Marlene Y. Satter and Melanie Waddell, AdvisorOne |
June 15, 2012
The director of an Illinois-based investment management firm was ordered to restore $1.2 million to four pension plan client accounts, while an advisor was accused of misusing $3.2 million in retirement plan funds.