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Eccleston Law Blog

FINRA Sanctions Supervisor for Failing to Address Excessive Trading Red Flags

September 25th, 2024 at 11:33 AM
FINRA has acted against an Independent Financial Group (IFG) supervisor for failing to respond to red flags involving excessive trading in five customer accounts.
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CFP Board Revises Sanction Guidelines and Fitness Standards

September 24th, 2024 at 11:16 PM
The CFP Board has finalized revisions to its Sanction Guidelines and Fitness Standards.
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Former LPL Financial Advisor Fined and Suspended for Unauthorized Signatures

September 23rd, 2024 at 10:35 AM
According to AdvisorHub, Justin Y. Gerow has been fined $5,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations of signing customer account transfer forms without permission.
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Recruiting Loans Drive Growth in Financial Planning Firms

September 20th, 2024 at 1:32 PM
Recruiting in the financial planning industry remains a crucial strategy for growth, with major firms like LPL Financial and Morgan Stanley leading the charge by offering substantial recruiting loans to attract advisors.
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FINRA Rule Protects Advisors' Private Addresses on BrokerCheck

September 19th, 2024 at 11:53 AM
FINRA recently implemented a rule allowing advisors to keep their personal home addresses off the public BrokerCheck database by simply checking a box.
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Merrill Lynch and Bank of America Fined $3 Million for Failing to Monitor Manipulative Trading

September 18th, 2024 at 10:53 AM
Merrill Lynch and its parent company, Bank of America, have agreed to pay a $3 million fine and accepted censure from FINRA for their failure to properly monitor potentially manipulative trading activities.
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Understanding the Role of Recruiting Loans in Wealth Management Growth

September 17th, 2024 at 1:40 PM
Recruiting loan balances can offer insight into a wealth management firm's growth strategy, but they do not tell the whole story. Industry compensation consultant Andrew Tasnady told Financial Planning that firms that have seen the most revenue growth in recent years often have large recruiting loan balances.
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Former Raymond James Advisor Fined and Suspended for Undisclosed Outside Business Activity

September 16th, 2024 at 11:15 AM
Andrew R. Hutcheson, a former advisor with Raymond James' Alex Brown division in Los Angeles, has agreed to a $5,000 fine and a 30-day suspension following allegations of failing to disclose his involvement in an outside business.
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LPL Financial Faces Potential $50 Million SEC Fine for Recordkeeping Failures

September 13th, 2024 at 5:02 PM
LPL Financial faces a fine of up to $50 million from the Securities and Exchange Commission (SEC) for non-compliance with records preservation rules, as reported by InvestmentNews.
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FINRA Launches Pilot Program for Remote Branch Inspections

September 12th, 2024 at 10:37 AM
According to InvestmentNews, a total of 741 FINRA member firms have joined a three-year pilot program assessing remote inspections of branches and offices.
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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

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June 26, 2026
FINRA Seeks to Make Remote Inspection Program Permanent

The Financial Industry Regulatory Authority (FINRA) is seeking approval from the Securities and Exchange Commission (SEC) to make its pandemic-era remote inspections program permanent before the current pilot is scheduled to expire in June 2027, according to AdvisorHub and FINRA's summary of its recent Board of Governors meeting.

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June 25, 2026
SEC Alleges Illinois Investment Adviser Misappropriated Investor Funds and Concealed Losses

According to a litigation release published on SEC.gov, the Securities and Exchange Commission (SEC) has charged John Sterling Myers and his firms, Sterling Capital, LLC and Sterling Capital Management, LLC, with orchestrating a multi-year fraud involving investor funds held in a pooled investment vehicle.

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June 24, 2026
FINRA Suspends Former Broker Over Undisclosed Business Activities, Annuity Recommendation, and Customer Data Violations

The Financial Industry Regulatory Authority (FINRA) has suspended former registered representative Clayton K.