Thomas Caniford pled guilty to securities fraud, publishing false statements and theft from the elderly.
Two division executives, Don Plaus and Ben Prince, were tapped for new leadership roles and the number of divisions for advisers was cut from 10 to six
The "pay-for-play" bribery scheme involved the $184 billion New York State Common Retirement Fund and payments for hookers, strippers and drugs.
Criminal trial for an associate is slated to start in June, but little has been resolved on civil side.
William Bucci, who has already been barred by Finra, pled guilty to charges of securities fraud last June.
Client claims she recommended he invest in a gold ETF, which the arbitrators agreed was an unsuitable investment for him.
Chief Judge Barbara M.G. Lynn denied the financial trade association plaintiffs' motion for an injunction to stop the regulation.
James Carrazza of Olympus Securities failed to report federal tax liens on his employment record and would not provide the regulator with requested information, according to Finra.
Broker-dealer's forgivable loan balance was $136.7 million last year, up 44.7% over the previous year.
Paul D. Stanley was dismissed for violating the firm's professional conduct, supervisory and compensation policies.
