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I am sorry you are dealing with this situation and understand your frustration.
A claim against the financial advisor can be brought for a breach of fiduciary duty and negligence against his errors and omissions insurance. This would entail filing a lawsuit against the advisor which would be tendered to his error and omission insurance. In addition, if he belongs to any certification boards such as the CFP board etc., a complaint could be lodged.
Unfortunately, if you brought a suit against the SEC, it most likely would invoke its immunity privileges. However, a complaint can be filed with the Office of the Inspector General. Here is a link to the OIG's website and complaint information: www.sec-oig.gov/
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