A black eye for FINRA? Brokers with checkered histories cast doubt on enforcement efforts
March 16, 2021 by Tobias Salinger
One advisor is in jail, accused of murdering a client for his life insurance money. Another was arrested on charges of child sex abuse. An alternative investment manager raised billions of dollars for funds now described by authorities as a Ponzi-like scheme by selling its risky and costly products through wealth managers.
None of these three separate cases involving previously-dinged advisors came to light until, investigators say, the advisors hurt peoples’ finances significantly or physically harmed them. Click HERE to read the full story via Financial Planning.