Brokers are banned or suspended as fallout from $1.2 billion Ponzi scheme continues
April 18, 2019 at 10:17 AM EDT
The Financial Industry Regulatory Authority banned two advisors from the securities industry and suspended two others for not getting prior approval to sell promissory notes in the Woodbridge Group of Companies, which regulators allege was a massive scheme that defrauded more than 8,400 retail investors.