Securities Attorneys for Promissory Note Collection Actions

Eccleston Law consults and defends financial advisors nationwide against promissory note (forgivable loan) collection actions.  We have helped reps in all aspects of the collection process, from negotiating discounts and payment plans, to defending against collection actions filed in FINRA arbitration, and to defending against any adverse FINRA arbitration award rendered, including asserting the inability to pay defense before FINRA Enforcement.

 

In our work consulting and defending brokers, we evaluate all defenses a rep may have against the promissory note, which because it is a contract, is subject to defenses to a contract, such as impossibility of performance or frustration of purpose. We successfully have employed those contract defenses.

Additionally, we evaluate and prosecute when appropriate the financial advisor’s  own counterclaims, not only for damages, lost past, and future earnings, and for damages related to defamatory Form U-5 (CRD / BrokerCheck) termination language.

Importantly, we also seek to expunge such defamatory Form U-5 termination language and replace that with accurate and complete termination language in order to protect the advisor’s reputation among his/her peers, customers, prospective employers, regulators and professional organizations such as the CFP Board. If you've received a promissory note, contact the securities attorneys at Eccleston Law for promissory note collection actions.

ATTORNEYS CONTACT US

TESTIMONIALS

Previous
Next

This was the best of all possible outcomes and I cannot thank you and the team enough.

Michael S.

LATEST NEWS AND ARTICLES

April 19, 2024
WealthFeed Raises Funds for AI-Driven Lead Generation Tool

WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.

April 18, 2024
SEC Fines Target Off-Channel Communications

The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.

April 17, 2024
B. Riley Financial Again Delays Filing Audited Results

B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.