Spouse Dispute Leads to $625,000 FINRA Award

Posted on August 22nd, 2016 at 3:58 PM
Spouse Dispute Leads to $625,000 FINRA Award

From the Desk of Jim Eccleston at Eccleston Law LLC:

FINRA ruled against Morgan Stanley and Citigroup Global Markets in a case that alleged that a husband siphoned more than half a million dollars from his wife while acting as her financial adviser. The couple is currently seeking divorce in superior court in Los Angeles.

The issue between this couple highlights the troublesome area that surrounds the mixing of personal and professional conduct. Regulators warn that, at a minimum, accounts that are held by a broker’s wife should warrant a heightened level of scrutiny. 

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston, FINRA

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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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