Eccleston Law Blog

FINRA Fines United Planners Over GPB Private Placement Sales

June 30th, 2022 at 1:18 PM
The Financial Industry Regulatory Authority (FINRA) has fined United Planners’ Financial Services of America over negligent sales of private placements issued by GPB Capital Holdings.
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J.P. Morgan Advisors Ordered To Pay Former Partner $620,000

June 29th, 2022 at 1:15 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered a J.P. Morgan team to pay their former partner at least $620,000 over the dissolution of a partnership.
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JP Morgan Manager Reveals Issues Regarding ESG Loan Pitches

June 28th, 2022 at 3:03 PM
The market for sustainability-linked loans is still severely prone to “greenwashing”, or investing more time and effort into marketing itself as environmentally friendly rather than actually minimizing its environmental impact, according to one of J.P. Morgan’s managers who often helps to sort through debt that is pitched to the company.
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SEC Investigates A.G. Morgan Financial Advisors and Others For Selling Unregistered Securities

June 27th, 2022 at 12:49 PM
The Securities and Exchange Commission (SEC) is investigating Vincent Camarda, James McArthur, and A.G. Morgan Financial Advisors.
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SEC Charges Advisors and Their Firm With Reg BI Violations Over Sales of GWG L Bonds

June 24th, 2022 at 10:45 AM
The Securities and Exchange Commission (SEC) has charged Western International Securities and five of its advisors with violating Regulation Best Interest (Reg BI) when they recommended and sold high-risk debt securities known as L Bonds to retirees and other retail investors.
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Former Credit Suisse Advisor Prevails in Deferred Compensation Claim

June 23rd, 2022 at 1:21 PM
A former Credit Suisse advisor has prevailed on a $2.2 million arbitration claim after alleging that the firm improperly withheld his deferred compensation when it discontinued its U.S. brokerage business in 2015.     
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SEC Charges Three Additional Advisors for Recommending Horizon Ponzi Scheme to Investors

June 22nd, 2022 at 1:17 PM
The Securities and Exchange Commission (SEC) has filed suit against Michael Mooney, Britt Wright, and Penny Flippen pertaining to their engagement with a Ponzi scheme, which raised at least $110 million from nearly 400 investors.    
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FINRA Suspends Former Merrill Advisor Who Managed $2 Billion Florida Team

June 21st, 2022 at 1:08 PM
The Financial Industry Regulatory Authority (FINRA) has issued a six-week suspension and a $5,000 fine to a former Merrill Lynch advisor who previously had helped to establish a $2 billion team.    
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Three Former J.P. Morgan Advisors Prevail In $3 Million Transition Dispute

June 20th, 2022 at 3:28 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has denied J.P. Morgan’s claims against three former advisors who allegedly had violated their non-solicitation agreements while transferring to a new firm.    
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SEC Seeks to Have Court Appoint Receiver For GPB Capital

June 17th, 2022 at 12:53 PM
The Securities and Exchange Commission (SEC) has presented a plan to a New York federal judge that would place GPB Capital Holdings into receivership with the objective to return money to what the SEC terms “defrauded investors”.
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LATEST NEWS AND ARTICLES

June 30, 2022
FINRA Fines United Planners Over GPB Private Placement Sales

The Financial Industry Regulatory Authority (FINRA) has fined United Planners’ Financial Services of America over negligent sales of private placements issued by GPB Capital Holdings.

June 29, 2022
J.P. Morgan Advisors Ordered To Pay Former Partner $620,000

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered a J.P. Morgan team to pay their former partner at least $620,000 over the dissolution of a partnership.

June 28, 2022
JP Morgan Manager Reveals Issues Regarding ESG Loan Pitches

The market for sustainability-linked loans is still severely prone to “greenwashing”, or investing more time and effort into marketing itself as environmentally friendly rather than actually minimizing its environmental impact, according to one of J.P. Morgan’s managers who often helps to sort through debt that is pitched to the company.