Tr?id=566623520170033&ev=PageView&noscript=1

Eccleston Law Blog

Former Morgan Stanley Advisor Settles FINRA Charge Over Inherited Account Coding

February 7th, 2022 at 11:22 AM
The Financial Industry Regulatory Authority (FINRA) has issued a 10-day suspension and a $2,500 fine against another former Morgan Stanley advisor over an alleged miscoding of trades on inherited accounts.
Read More

Stephens Wins $18.2 Million In Raiding Claim Against Ben Edwards

February 4th, 2022 at 12:48 PM
Stephens, Inc. has won nearly $18.2 million in an arbitration claim against Benjamin Edwards & Company over the raiding of an Arkansas branch.
Read More

FINRA Bars Former Bank of America Advisor For Allegedly Misappropriating Client Funds

February 3rd, 2022 at 11:44 AM
The Financial Industry Regulatory Authority (FINRA) has barred a former Bank of America advisor after he allegedly forged a client’s signature and misappropriated $58,000 of client funds.
Read More

Advisors Face Scrutiny After Selling $2 Billion In GWG Junk Bonds

February 2nd, 2022 at 3:15 PM
An alternative asset manager that had issued a collection of high-yield bonds known as L Bonds, GWG Holdings Inc., has struggled to cover its interest payments.
Read More

Supreme Court Rules On Landmark 401(K) Fee Suit

February 1st, 2022 at 1:01 PM
The U.S. Supreme Court has reversed an appellate court’s decision involving Northwestern University, which may impact numerous other pending lawsuits that target retirement plans with underperforming investments and excessive fees.
Read More

Former Edward Jones Advisor Suspended For Illegally Borrowing $150K From Client

January 31st, 2022 at 12:20 PM
The Financial Industry Regulatory Authority (FINRA) has suspended a former Edward Jones advisor who allegedly borrowed $150,000 from a client to cover debts incurred by an unprofitable golf-cart business operated by he and his wife.
Read More

SEC Charges Former UBS Advisor For Alleged Misappropriation

January 28th, 2022 at 1:15 PM
The Securities and Exchange Commission (SEC) has charged a former UBS advisor, German Nino, for allegedly misappropriating $5.8 million of client funds.
Read More

Massachusetts Regulators Say Fidelity Rubber-Stamped Options Applications

January 27th, 2022 at 2:16 PM
Massachusetts securities regulators have filed suit against Fidelity Brokerage Services alleging unethical practices relating to the firms’ rubber-stamping of options trading applications.
Read More

Hightower Sues Two Advisors For Allegedly Poaching Clients

January 26th, 2022 at 11:42 AM
Hightower Advisors has filed suit against two advisors for allegedly soliciting their clients to join them at their new firms.
Read More

Top FINRA Initiatives For 2022

January 25th, 2022 at 1:01 PM
A host of new initiatives are ahead in 2022 at the Financial Industry Regulatory Authority (FINRA), according to CEO Robert Cook.
Read More

TESTIMONIALS

Previous
Next
Quotes Bigger

I cannot thank you enough for your efforts. You have proven to be a valuable resource.

Jim T.

LATEST NEWS AND ARTICLES

1787244289 Law
August 20, 2026
FinCEN Imposes Record $125 Million Penalty on UBS Financial Services

The Financial Crimes Enforcement Network (FinCEN) has imposed a $125 million civil money penalty against UBS Financial Services Inc.

1787157891 Law
August 19, 2026
Former UBS Financial Advisor Suspended and Fined Over Unauthorized Trading Allegations

The Financial Industry Regulatory Authority (FINRA) suspended a former UBS Wealth Management USA broker for three months and fined him $10,000 after finding that he executed hundreds of trades in two customers' accounts without the required written authorization.

1787156982 Law
August 19, 2026
FINRA Suspends Former Gradient Securities Advisor

The Financial Industry Regulatory Authority (FINRA) has suspended former Gradient Securities representative Mark J.