Michael Ralby declined to take part in the investigation, leading to the regulator's action.
Two months after the insurer provided the names of those owed pension payments, the state has located the majority of them.
Broker Christian S. Gherardi of Miami had sought $16.5 million in damages.
Regulator investigating withdrawals from bank account of ex-rep Norris Roberts Jr.
Eversheds Sutherland says regulator imposed fourth highest total sanctions over past decade
Firm considering move to team management approach, says Wall Street Journal.
Authorities say Jeffrey Palish's misdeeds against elderly clients netted him anywhere from $180,000 to $600,000.
Puerto Rican residents charged the firm with fraud and breach of fiduciary duty.
Executive is former Pershing COO and group president at Envestnet
Broker Lawrence Barber made unauthorized changes to client's account, state charged
