Scott Newsholme allegedly stole $1 million, using funds for personal expenses, a gambling habit and to pay back early investors.
Reps managing $391 million join firm's employee unit.
Joseph Yanofsky arranged the buys without getting customers' approval.
Brokers and staff in Baton Rouge, La., move to firm's employee unit.
She cites financial company leaders who have said they are prepared to comply with rule as is.
Finra also suspends the broker, a firm lifer, for 18 months
Arbitration puts blame on client's power of attorney, not firm
Anthony Mastroianni Jr. allegedly engaged in "in and out" trading of speculative stocks.
Survey finds top concerns are reducing plan expenses and managing fiduciary responsibilities.
