Jeffrey Slothower of Southampton allegedly spent the money on a golf club membership and luxury goods.
Christopher Conover allegedly failed to tell his clients he was paid $530,000 to steer them into movie investments.
The SEC and the Treasury Department want to require advisors to step up their anti-money-laundering efforts.
The U.S. Justice Department has been focused on stamping out fraud and misconduct in the crypto industry.
Companies and advisors who breach the fiduciary rules also face excise taxes and possible class-action suits.
John Masanotti Jr. spent client money on home mortgages, luxury cars and country club expenses, prosecutors said.
The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.
Investors in small retirement plans and those who roll over into annuities will reap the greatest savings, researchers found.
The company targeted older conservatives and people with 401(k)s, IRAs and other retirement accounts, the agency said.
Multiple clients of Michael Gerard Gravelyn said they had not signed policy applications.
Thieves used the B-D's cash management accounts to transfer millions from outside institutions.
The advisors contend they were victimized by the failed bank.
The fiduciary rule fails to advance the best interests of retirement savers.
Three experts weigh in on the motion for an injunction against the new rule and hopes to vacate it.
The agency has argued that most tokens are subject to its rules.
The lawsuit maintains the firm broke the law when it denied the advisor his deferred compensation when he resigned.
BF Borgers CPA PC will pay $14 million to settle the probe, the agency said.
Other industry opponents to the new fiduciary requirements have hinted they will mount their own legal challenges.
The trust company accused the advisors of departing and subsequently stealing its clients.
The CFP Board has also expressed support for the rule, while the FPA has raised issues about compliance costs.