In separate cases, the Financial Industry Regulatory Authority Inc. has barred Shlomo Strugano and John Chrysadakis for failing to take part in investigations looking into their conduct.
Mr. Strugano, who worked for 12 firms from 1999 to 2015, when he resigned from First Allied in Reseda, Calif., was being investigated by that firm for having allegedly forged or falsified customer signatures and initials on account and transaction documents. He is not currently an employee of a securities firm.
Mr. Chrysadakis resigned from Northwestern Mutual Investment Services in March after denying allegations of fraudulent activity, including alleged forgery of nonvariable insurance forms and alleged submission of unauthorized nonvariable policy applications, as well as undisclosed financial liens and judgments. He is no longer employed in the securities industry.
Broker-dealers that sold the defunct securities backed by Inspired Healthcare generated more than $100 million in fees and commissions.
FINRA barred the advisor, Sung Moo Cho, last month.
A new MetLife survey finds real estate professionals are increasingly steering clients toward tax experts as rising property values leave more sellers facing significant capital gains.
The independent broker-dealer expands its business development bench with a new recruiter and an internal promotion in the West.
The leading ultra-high-net-worth RIA joins other large wealth firms, including Raymond James and LPL, in creating executive roles focused on artificial intelligence strategy
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
