Eccleston Law consults and defends financial advisors nationwide against promissory note (forgivable loan) collection actions. We have helped reps in all aspects of the collection process, from negotiating discounts and payment plans, to defending against collection actions filed in FINRA arbitration, and to defending against any adverse FINRA arbitration award rendered, including asserting the inability to pay defense before FINRA Enforcement.
In our work consulting and defending brokers, we evaluate all defenses a rep may have
Additionally, we evaluate and prosecute when appropriate the financial advisor’s own counterclaims, not only for damages, lost past, and future earnings, and for damages related to defamatory Form U-5 (CRD / BrokerCheck) termination language.
Importantly, we also seek to expunge such defamatory Form U-5 termination language and replace that with accurate and complete termination language in order to protect the advisor’s reputation among his/her peers, customers, prospective employers, regulators and professional organizations such as the CFP Board. If you've received a promissory note, contact the securities attorneys at Eccleston Law for promissory note collection actions.
I just received this letter from the CFP Board. Thank you, Thank you, THANK YOU!
The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former LPL advisor who allegedly completed 22 trades on behalf of a client without obtaining written consent. FINRA has issued a $5,000 fine and has suspended Michael Hartlett for 10 days.
A former RBC Wealth Management advisor lost his bid to reverse an industry bar, according to an appellate decision issued by the Financial Industry Regulatory Authority (FINRA).
While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.
