According to the commission, TradeZero publicly told investors it refused its clearing broker’s demands to restrict trading, when in fact it stopped trading certain stocks.

The deal with Meristem Family Wealth also brings an in-house trust company to Cresset.

The additions of a Bay area advisor and Delaware-based Greenville Financial Group touted as a testament to Perigon's support and flexibility.

The firm announced four new hires for the region, including additions from TIAA, First Republic Bank and JPMorgan Chase. Most of the new hires will operate out of New York City.

The additions would bring the total number of advisors to 6,000 from about 4,700.

The charges come as investment advisors increasingly use ESG metrics to appeal to investors, according to SEC Enforcement Division Deputy Director Sanjay Wadhwa.

Casey Franz replaces Kabir Sethi as its new head of platforms and capabilities.