A federal judge has entered a final judgment against 51-year old Massachusetts resident and Cape Cod investment advisor Kimberly Pine Kitts in an SEC case that charged Kitts, a long-time former Royal Alliance advisor, with defrauding multiple clients by stealing more than $3 million from their investment and retirement accounts.
The future of Newbridge Securities Corporation, a Boca Raton-based broker-dealer with a history of compliance issues, is in serious doubt.
A client has filed a lawsuit against Securities America in the U.S. District Court for the Southern District of New York for failing to supervise investment adviser, Hector A. May, who recently pled guilty to orchestrating a Ponzi-scheme.
In a recent article in Financial Planning, Alan J. Foxman highlights several important reasons why financial advisors named in an arbitration claim should hire their own attorney instead of using the firm’s in-house or outside law firm counsel.
This is the fourth in a series of posts to help guide registered representatives through the process of expungement of customer complaints and other false or misleading information on their public record.
This is the third in a series of posts to help guide registered representatives through the process of expungement of customer complaints and other false or misleading information on their public record.
This is the second in a series of posts to help guide registered representatives through the process of expungement of customer complaints and other false or misleading information on their public record
Eccleston Law LLC is pleased to announce that its client’s Central Registration Depository (CRD) and BrokerCheck record will be expunged of references to a baseless customer complaint filed against him and his former firm.
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Merrill Lynch has discharged a broker with $1.4 billion of client assets for improperly submitting personal expenses for reimbursement, resulting in management’s loss of confidence.
A FINRA arbitration panel has ordered an ex-broker from Sarasota, Florida named Donald Lee Watson, Jr. to pay Jeffrey Matthews Financial Group an amount of $260,000 for allegedly making false claims about his production levels when being recruited to join the firm.
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.
According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.
The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.
WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.
