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Eccleston Law Blog

Goldman's Aggressive Legal Tactics to Enforce Non-Solicitation Agreements Before Creative Planning Sale

October 23rd, 2023 at 1:25 PM
Two former Goldman Sachs Personal Financial Management advisors based in California have filed a lawsuit challenging the enforceability of their employment agreements following their departures.
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FINRA Takes Steps to Restrict Non-Lawyer Representation in Investor Arbitrations

October 20th, 2023 at 1:22 PM
The Financial Industry Regulatory Authority (FINRA) has proposed a new rule prohibiting individuals who are not lawyers from receiving compensation from representing parties in its arbitration forum.
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FINRA Extends Remote Inspection Provision Through 2024

October 19th, 2023 at 4:19 PM
The Financial Industry Regulatory Authority (FINRA) has informed the Securities and Exchange Commission (SEC) of its intention to continue a temporary program permitting member firms to inspect their brokers' offices remotely.
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Massachusetts RIA Agrees to Settlement with SEC Over Marketing Violations

October 18th, 2023 at 11:36 AM
Massachusetts-based RIA Wellesley Asset Management (WAM) will pay a $1 million civil penalty to resolve allegations of using hypothetical performance information in advertisements without adequate disclosures.
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SEC Files Charges Against Bruderman Asset Management and Principal for Concealing Misuse of Investment Funds

October 17th, 2023 at 1:16 PM
The Securities and Exchange Commission (SEC) has announced that Bruderman Asset Management LLC (BAM), based in New York, and its principal, Matthew J. Bruderman, have agreed to settle charges stemming from their failure to disclose the misuse of proceeds obtained from clients. 
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SEC Intensifies WhatsApp Probe

October 16th, 2023 at 1:13 PM
The Securities and Exchange Commission (SEC) has heightened its investigation into Wall Street's utilization of private messaging applications by gathering thousands of staff messages from over a dozen major investment companies.
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Private Equity Firms Seek $750 Million in Lawsuit Against Morgan Stanley for Alleged Fraud

October 13th, 2023 at 11:51 AM
Private equity firms Certares Management LLC and Knighthead Capital Management LLC have filed a lawsuit against Morgan Stanley, seeking at least $750 million in damages.
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Former Florida-Based Morgan Stanley Advisor Accepts Industry Ban Amid Fraud Probe

October 12th, 2023 at 2:18 PM
A former Morgan Stanley advisor in Fort Lauderdale, Florida, with 23 years of experience, opted for an industry ban instead of cooperating with a Financial Industry Regulatory Authority (FINRA) investigation.
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Goldman Sachs to Pay $5.5 Million Due to Pandemic-Era Audio Recording Failures

October 11th, 2023 at 10:44 AM
The Commodity Futures Trading Commission (CFTC) has imposed a $5.5 million fine on Goldman Sachs for alleged failures in recording and retaining mobile device calls made by its traders at the beginning of the Covid-19 pandemic.
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Deutsche Asset Management Unit Pays $25 Million to Settle "Greenwashing" and AML Violations

October 10th, 2023 at 1:58 PM
Deutsche Bank AG's DWS asset management unit has agreed to a $25 million settlement with the Securities and Exchange Commission (SEC) over two separate issues.
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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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The Securities and Exchange Commission (SEC) has approved FINRA's long-awaited overhaul of the rules governing outside business activities and private securities transactions by financial advisors.

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A federal judge has sentenced Siddharth Jawahar, who operated Texas-based investment adviser Swiftarc Capital, to 11 years in prison for running a $35 million Ponzi scheme.

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Red Flags to Watch for in Pre-IPO Investment Scams

Investors considering pre-IPO investments should watch for common warning signs of fraud, according to the Securities and Exchange Commission (SEC).