Eccleston Law LLC Is Pleased to Announce Successful Expungement of Customer Complaint Reference

Posted on January 23rd, 2018 at 3:19 PM
Eccleston Law LLC Is Pleased to Announce Successful Expungement of Customer Complaint Reference

Attorneys from Eccleston Law LLC successfully have represented a Texas financial advisor who should not have been named in a FINRA customer arbitration claim.  To remedy that situation, Eccleston Law LLC represented the financial advisor in a FINRA expungement proceeding.  Following an evidentiary hearing pursuant to Rule 13805, the arbitration panel was convinced to make all three of the Rule 2080 affirmative findings of fact, at least one of which is required to expunge (or remove) an occurrence reference contained in a broker’s CRD registration records. Those affirmative findings were that: (1) the claim, allegation or information is factually impossible or clearly erroneous; (2) the registered person was not involved in the alleged investment-related sales practice violation, forgery, theft, misappropriation, or conversion of funds; and (3) the claim, allegation, or information is false.

Specifically, it was proven that the financial advisor did not participate in the sale of the variable annuity product that was the basis of the underlying customer’s complaint.  The sale was made by another financial advisor.  As a result, Eccleston Law LLC was able to demonstrate that its client did not participate or engage in any sales practice which was the subject of the underlying customer’s complaint.  Any claim to the contrary, the arbitration panel found, was clearly erroneous and false.

To complete the expungement process, and pursuant to Notice to Members 04-16, Eccleston Law now turns to a Texas court for confirmation of the FINRA expungement award.  Upon confirmation, the CRD’s customer complaint reference will be expunged from the financial advisor’s record.

Related Attorneys: James J. Eccleston

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

Return to Archive

TESTIMONIALS

Previous
Next

I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

LATEST NEWS AND ARTICLES

June 14, 2024
Wells Fargo Fires Employees for Faking Work

Wells Fargo & Co. recently terminated over a dozen employees following an investigation into allegations of fake work activities.

June 13, 2024
FINRA Struggles to Revise Outside Business Rules

The Financial Industry Regulatory Authority’s (FINRA) attempt to update its rules on advisors’ outside business activities has stalled, according to Robert Colby, FINRA's chief legal officer.

June 12, 2024
Tax Court Denies Madoff Victims $8.2 Million Deduction

Victims of Bernie Madoff's Ponzi scheme, Christopher and Silvana Pascucci, cannot claim an $8.2 million tax deduction for their investment in life insurance premiums.