Eccleston Law News and Updates

More Ex-Morgan Stanley FAs Demand Deferred Comp — in Arbitration

March 30th, 2022 at 10:02 AM
Eccleston Law is representing 10 ex-Morgan Stanley advisors in their claim over forfeited deferred compensation which was filed last week with FINRA.    
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Morgan Stanley Hit With Another Deferred Compensation Claim

March 29th, 2022 at 12:18 PM
Morgan Stanley’s legal woes over its withholding of deferred compensation from brokers who leave for another firm are multiplying. Attorney James Eccleston stressed that a threat still persists in the federal proposed class action that Morgan Stanley will persuade the court to compel the plaintiffs to arbitrate.          
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DocuSign Use Dooms “Swath” of LPL Brokers

February 17th, 2022 at 10:04 AM
LPL Financial, the largest independent broker-dealer by its sales force of close to 20,000, is terminating “a swath of brokers” over allegations related to their use of electronic signature software DocuSign, according to a lawyer and a recruiter working with affected brokers.
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Opinion: Three Ways Regulators Throw Advisors Under the Bus

July 7th, 2021 at 1:23 PM
Financial services is the only industry where you are guilty after being found innocent.
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Finra Sanctions Ex-LPL Broker Over ‘Outside’ Notary Biz

June 17th, 2021 at 1:27 PM
Finra is “laser-focused” on brokers’ unreported outside business activities, according to James Eccleston, a lawyer in Chicago who often represents brokers.
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Eccleston Law Launches Search to Hire Additional Attorneys Nationwide

April 15th, 2021 at 12:37 PM
The needs of financial advisors for legal services never have been greater.  Advisors have come to realize that they cannot rely upon counsel provided by their firms, due to inherent conflicts of interest.
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Just Saying “No” to Firm-Provided and Conflicted Legal Counsel in Your Transition may avoid problems later

April 14th, 2021 at 3:55 PM
Our recently filed court case of Armstrong and Kiefner vs. Shumaker, Loop & Kendrick, and Michael Taaffe alleges behavior that financial advisors should be aware of in considering whether or not they should have agreed to be represented by legal counsel selected/referred by their new firm in connection with their employment transition.
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Affidavit of Merit Received in Eccleston Law’s $25 Million Legal Malpractice Action

April 1st, 2021 at 9:36 AM
Affidavit of Merit Received in Eccleston Law’s $25 Million Legal Malpractice Action On Behalf of Transitioning Morgan Stanley Advisors Who Retained Michael Taaffe and the Shumaker Loop Firm
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Jim Eccleston Awarded Prestigious Recognition

February 26th, 2021 at 9:13 AM
Jim Eccleston has recived the highest recognition by Martindal Hubbell! 
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CFP Board is the New Sheriff and it Is Not Your Friend

October 24th, 2020 at 10:04 AM
CFPs beware!  As CFP Board has become “a much more partisan organization that markets itself as a credentialing firm...and moves towards its politicization of personal financial planning” (Forbes 9/17/19), CFP Board is enforcing its rules and publicizing its discipline imposed like never before.
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Thank you for your professional assistance with this matter. You are very good at what you do.

John T.

LATEST NEWS AND ARTICLES

May 19, 2022
UBS Advisor Joins U.S. Capital After Contentious Compliance Review

A UBS Wealth Management advisor who generated $3 million in annual revenue has joined U.S. Capital Wealth Advisors, which is a regional Texas-based firm run by a former UBS manager.

 
 
May 18, 2022
Some Advisors Chose Inopportune Time To Boost Bet On GWG Bonds

Financial advisors who chose to double down on GWG are having second thoughts.

 
 
May 17, 2022
Focus Financial Board Member Sues J.P. Morgan Over $7 Million In Pandemic Losses

A California dermatologist, who also is a Focus Financial Partners board member, has filed a $7 million arbitration claim against J.P. Morgan over pandemic-related losses in a managed account.