Says Yorba Linda, Calif.-based RIA allocated profitable trades to owner, losers to clients.
Although not charged, Shawnet Thibeault had received funds from fraud: SEC.
Says firm and broker Christopher Duke Bennett mishandled retirement accounts.
Many accounts are unfunded and not receiving contributions, group finds.
Regulator scams, some using fake signatures of Finra executives, have been growing.
Client invested $20,000 in a real estate investment controlled by the broker, who later used the money for his own personal use.
Addition of Deerfield, Ill., RIA expands Chicago footprint of St. Louis-based $12.6 billion RIA.
Former head of Cetera Advisors succeeds Ace Forsythe, who's retiring.
Massachusetts securities regulator says Thomas Riquier defrauded investors while son-in-law supervised.
Tibor Klein also will pay $20,000 fine for trading on 2010 Pfizer acquisition.
