Firm failed to set up systems and adequately supervise representatives, regulator says.
Rep ordered to pay $245,000 in fines and restitution; Legend Securities fined $200,000.
New home uses Raymond James bank unit as broker-dealer and RIA.
Strategic Partners of Kansas oversees 38 advisers.
Mark Lazar in suburban Salt Lake City moves to firm's employee unit.
Regulator was looking into email use and unsuitable trading.
Finra censured firm for selling clients more expensive share classes.
Texas regulators say Lawrence DeShetler bilked five clients, two of whom were in their 80s.
Meanwhile, a different group managing $650 million moves from NPC to Commonwealth
Eight IRA owners to get damage payments from IMS Securities and brokers.
