A FINRA panel has awarded two retired school teachers a total of $2.38 in connection with a claim that they had filed against Virginia-based broker-dealer, Capitol Securities, and its former broker, identified in the award as “Mr. T.”
Eccleston Law Blog
FINRA Panel Awards Two Teachers $2.38 Million in Connection with Fraud Claim
Posted on February 6th, 2019 at 9:57 AM
The Current Price of Stocks and Commodities Moving in Tandem with Yields on Government Bonds, Fuels Volatility
Posted on February 5th, 2019 at 3:16 PM
Stocks, bond yields and commodities have continued to move in unison lately, with the S&P 500, the 10-year U.S. Treasury yield and U.S. crude oil moving in tandem in 9 of the previous 12 sessions.
Advisors Should Consider Costs and Fees When Joining an Independent Broker-Dealer
Posted on February 4th, 2019 at 4:18 PM
Advisors considering transitioning away from wirehouses or regional brokerage firms often are tempted by the 90% payouts offered by independent broker-dealers. However, industry recruiter Mark Elzweig cautions advisors to treat those high payout incentives with skepticism because of the additional fees and costs involved.
SEC Charges Three Texas Businessmen with Orchestrating $45 Million Real Estate Investment Fraud
Posted on January 30th, 2019 at 4:22 PM
The SEC has charged Texas real estate developer Philip Michael Carter, investment manager Bobby Eugene Guess and his employee Richard Tilford with persuading hundreds of individuals to invest in real estate development companies and then using their funds to pay for personal expenses.
FINRA Releases its Risk Monitoring and Exam Priorities Letter for 2019-Part 3
Posted on January 25th, 2019 at 3:05 PM
FINRA has released its 2019 Risk Monitoring and Examination Priorities Letter to the public. This is the third in a series highlighting both FINRA’s new priorities, as well as ongoing issues discussed in the Letter.
FINRA Releases its Risk Monitoring and Exam Priorities Letter for 2019-Part 2
Posted on January 24th, 2019 at 3:03 PM
FINRA has released its 2019 Risk Monitoring and Examination Priorities Letter to the public. This is the second in a series highlighting both FINRA’s new priorities, as well as ongoing issues discussed in the Letter.
FINRA Releases its Risk Monitoring and Exam Priorities Letter for 2019
Posted on January 23rd, 2019 at 11:58 AM
FINRA has released its 2019 Risk Monitoring and Examination Priorities Letter to the public. This is the first in a series highlighting both FINRA’s new priorities, as well as ongoing issues discussed in the Letter.
Federal Judge Denies Wells Fargo’s Attempt to Quash Class-Action Arbitration Claim for Overtime Pay
Posted on January 22nd, 2019 at 11:00 AM
A New York federal judge has denied Wells Fargo Advisors’ attempt to vacate a ruling from an American Arbitration Association (AAA) arbitrator that a punitive class-action lawsuit involving unpaid overtime could proceed in arbitration.
FINRA Fines New Jersey Investment Adviser and Firm $4 Million for Stealing from Elderly Client
Posted on January 21st, 2019 at 4:28 PM
FINRA has fined New Jersey advisor, Gary Basralian and his firm, Royal Alliance Associates more than $4 million for stealing money from an elderly client suffering a brain injury from a serious car accident.
Florida Businessman Indicted for Orchestrating $15 Million Ponzi-Scheme
Posted on January 18th, 2019 at 11:30 AM
According to the U.S. Attorney’s Office for the Middle District of Tennessee, Florida businessman Christopher B. Warren was arrested and charged with mail fraud, wire fraud, securities fraud, and money laundering.