Regulator says Ronald Fossum Jr. misappropriated assets and lied to investors.
Warren, Pa.-based bank has 24 advisers in 164 offices in New York, Pennsylvania, Ohio.
Up to 30,000 people may not have received payments from insurer.
Regulator said non-standard trades led to firm miscalculating net capital.
Four-adviser group joins Fieldpoint Private in Greenwich, Conn.
Mark McGrath moves to firm's employee channel in Timonium, Md.
Justin D. Meadlin will pay more than $300,000 for inflating firm's AUM, touting nonexistent fund.
Leslie Koonce denied he took part in private securities transactions.
Agency orders Louis Mohlman Jr. to pay $100,000 in civil penalties.
