California prosecutors said Tyler M. Rigsbee took almost $159,000 from elderly clients.
Amid bank turmoil and likely cash sorting, these funds gathered some $362.1 billion in March alone.
The team, reportedly led by Randy Peterson, had $23 million in 12-month revenue, a source said.
It also said it recruited in $13 billion in new advisor assets.
The founder of Scottsdale's DM Brown Financial Services oversaw $190 million at Cetera.
Randall B. Kiefner was arrested on April 5. He'd recently won an arbitration claim from Morgan Stanley.
Finra barred Michael P. Raineri of Seattle, in a case that involved the supposed reimbursement of client expenses.
The agency said the robo's errors caused clients to lose $4 million in potential tax savings.
An ex-employee of the firm won the case saying the bank discriminated against older white males.
The Allentown firm was founded in 2004.
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