Eccleston Law Blog

FINRA Reminds Firm To Monitor For “Red Flags” In Options Trading Applications

December 9th, 2022 at 12:16 PM
The Financial Industry Regulatory Authority (FINRA) has released an announcement reminding firms that recommend options trading for clients to be constantly monitoring for “red flags” on customer applications.
Read More

FINRA Orders Morgan Stanley to Pay $697,897 Over Failure to Supervise Nine Advisors

December 8th, 2022 at 2:48 PM
The Financial Industry Regulatory Authority (FINRA) has ordered Morgan Stanley to pay $697,897, including a $200,000 fine and $497,897 in restitution, for failing to adhere to its own procedures for supervising its advisors’ high-risk recommendations. 
Read More

FINRA Bars Former Northwestern Mutual Advisor For Allegedly Cheating on CFP Exam

December 7th, 2022 at 1:52 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former Northwestern Mutual advisor after he failed to cooperate with the regulator’s probe into the Certified Financial Planner Board of Standards’ (CFP Board’s) decision to bar the advisor for alleged “exam misconduct.” 
Read More

FINRA Suspends Former Morgan Stanley Advisor Over Unauthorized Trades

December 6th, 2022 at 2:10 PM
The Financial Industry Regulatory Authority (FINRA) has issued a 20-day suspension and a $6,000 fine to a former Morgan Stanley advisor for allegedly completing several unauthorized trades. 
Read More

Prager Metis Becomes First CPA Firm Involved With FTX Scam

December 5th, 2022 at 1:05 PM
Prager Metis becomes the first CPA firm to open a Metaverse headquarters in the metaverse platform Decentraland. 
Read More

Former J.P. Morgan Advisor Agrees to FINRA Bar

December 2nd, 2022 at 1:19 PM
A former J.P. Morgan advisor has agreed to an industry bar instead of cooperating with the Financial Industry Regulatory Authority’s (FINRA’s) investigation into several allegations of excessive and unauthorized trading that generated nearly $100 million worth of client complaints.
Read More

BlockFi Files for Bankruptcy as FTX and Star Endorsers Named in Lawsuit

December 1st, 2022 at 3:13 PM
BlockFi had paused client withdrawals due to uncertainties with FTX, as the two are closely tied together.
Read More

FINRA Suspends Former Merrill Advisor Who Operated Numerous Outside Businesses

November 30th, 2022 at 4:10 PM
The Financial Industry Regulatory Authority (FINRA) has issued a six-month suspension and a $10,000 fine to a former Merrill Lynch advisor after his group of outside businesses violated firm and regulatory policy. 
Read More

GWG Senior Executives Resign Amidst Bankruptcy

November 29th, 2022 at 2:02 PM
GWG Holdings, the financial services firm that is facing Chapter 11 bankruptcy, has announced that the company’s chief executive officer, Murray Holland, and the company’s chief financial officer, Timothy Evans, have each resigned as executive officers. However, Holland and Evans remain as members of the board of directors of GWG.
Read More

FINRA Launches Targeted Exam on Financial Firms’ Crypto Communications

November 28th, 2022 at 1:33 PM
The Financial Industry Regulatory Authority (FINRA) has announced a targeted exam probing for more information as to how firms handled retail communications “concerning crypto asset products and services” after FTX recently filed for bankruptcy.
Read More

TESTIMONIALS

Previous
Next

We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

LATEST NEWS AND ARTICLES

December 9, 2022
FINRA Reminds Firm To Monitor For “Red Flags” In Options Trading Applications

The Financial Industry Regulatory Authority (FINRA) has released an announcement reminding firms that recommend options trading for clients to be constantly monitoring for “red flags” on customer applications.

December 8, 2022
FINRA Orders Morgan Stanley to Pay $697,897 Over Failure to Supervise Nine Advisors

The Financial Industry Regulatory Authority (FINRA) has ordered Morgan Stanley to pay $697,897, including a $200,000 fine and $497,897 in restitution, for failing to adhere to its own procedures for supervising its advisors’ high-risk recommendations. 

December 7, 2022
FINRA Bars Former Northwestern Mutual Advisor For Allegedly Cheating on CFP Exam

The Financial Industry Regulatory Authority (FINRA) has barred a former Northwestern Mutual advisor after he failed to cooperate with the regulator’s probe into the Certified Financial Planner Board of Standards’ (CFP Board’s) decision to bar the advisor for alleged “exam misconduct.”