Eccleston Law Blog

SEC Charges Samuel Bankman-Fried With Using FTX To Defraud Crypto Investors

January 24th, 2023 at 2:57 PM
The Securities and Exchange Commission (SEC) has charged Samuel Bankman-Fried with operating a scheme to defraud equity investors in FTX Trading Ltd. 
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FINRA Expands Enforcement Priorities For 2023

January 23rd, 2023 at 1:08 PM
The Financial Industry Regulatory Authority (FINRA) has announced a plan to expand its enforcement priorities in 2023 to include new areas of focus. 
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New CFP Board Chair Plans to Release New Sanction Guidelines by Midyear

January 20th, 2023 at 2:04 PM
The new Certified Financial Planner Board of Standards (CFP Board) chair, Daniel Moisand, has announced a plan to release revised sanction guidelines for public comment by midyear. 
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Genesis Global Capital Prepares to File for Bankruptcy

January 19th, 2023 at 2:04 PM
Genesis Global Capital is preparing to file for bankruptcy as soon as this week, according to sources interviewed by Bloomberg News. 
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Proposal to Prohibit Non-Compete Clauses May Impact Mergers and Acquisitions of RIAs

January 18th, 2023 at 3:06 PM
A federal prohibition on noncompete clauses may impact future mergers and acquisitions of investment advisory firms as well as how financial advisors transfer to new firms. 
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SEC Charges Creator of CoinDeal Crypto Scheme and Seven Others Over $45 Million Fraud

January 17th, 2023 at 1:57 PM
The Securities and Exchange Commission (SEC) has changed Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc, and BannersGo, LLC for their involvement in a fraudulent investment scheme known as CoinDeal, which raised at least $45 million from sales of unregistered securities.
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SEC Charges Former SPAC CFO For Misappropriating Nearly $5 Million

January 16th, 2023 at 2:39 PM
The Securities and Exchange Commission (SEC) has changed the former CFO of African Gold Acquisition Corp., a special purpose acquisition company (SPAC), for misappropriating at least $5 million from the company and investors in two other SPACs that he had incorporated. 
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Coinbase Agrees to $100 Million Settlement With New York Regulators

January 13th, 2023 at 12:27 PM
Coinbase Global Inc., has agreed to a $100 million settlement with New York Regulators over allegations that the cryptocurrency exchange permitted customers to open accounts without conducting adequate background checks. 
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FINRA Proposes Changes To Arbitration Selection Process

January 12th, 2023 at 3:38 PM
The Financial Industry Regulatory Authority (FINRA) has proposed rule changes to “enhance the transparency of the arbitrator selection” and other alterations aimed to improving its dispute resolution services. 
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FINRA Penalizes Center Street Securities Over Improper GPB Private Placement Sales

January 11th, 2023 at 1:41 PM
The Financial Industry Regulatory Authority (FINRA) has imposed a fine on Center Street Securities after the financial advisory firm improperly sold GPB private placements. 
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If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

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