Tagged with "Eccleston Law"

Former LPL Advisor Suspended For Completing 22 Trades Absent Client Consent

Posted on October 27th, 2021 at 12:14 PM
Former LPL Advisor Suspended For Completing 22 Trades Absent Client Consent

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.

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Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

Posted on October 26th, 2021 at 1:47 PM
Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

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).

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Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

Posted on October 25th, 2021 at 1:27 PM
Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.

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TIAA Sues Former Advisors For Allegedly Soliciting Clients

Posted on October 22nd, 2021 at 1:34 PM
TIAA Sues Former Advisors For Allegedly Soliciting Clients

Teachers Insurance and Annuity Association of America (TIAA) filed suit against three of its former Connecticut advisors for allegedly soliciting TIAA clients to join them at their new firm.

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First U.S. Bitcoin ETF Sparks Concerns For Advisors

Posted on October 21st, 2021 at 1:38 PM
First U.S. Bitcoin ETF Sparks Concerns For Advisors

The introduction of the ProShares Bitcoin Strategy ETF (BITO) is expected to send shockwaves across the financial planning industry as advisors will be prompted get up to speed on cryptocurrency investing

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5 First-of-Their-Kind SEC Enforcement Actions Announced

Posted on October 20th, 2021 at 1:19 PM
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

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FINRA Targets SPACs in Most Recent Exam Sweep

Posted on October 19th, 2021 at 12:26 PM
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

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SEC’s Statement on Complex Exchange-Traded Products

Posted on October 18th, 2021 at 1:09 PM
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.

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FINRA Bars Former LPL Advisor Who Allegedly Misappropriated Elderly Client’s Funds

Posted on October 15th, 2021 at 11:09 AM
FINRA Bars Former LPL Advisor Who Allegedly Misappropriated Elderly Client’s Funds

The Financial Industry Regulatory Authority (FINRA) has barred a former LPL advisor who allegedly misappropriated a senior client’s funds and subsequently failed to cooperate in FINRA’s investigation.

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NASAA Targets Unpaid Arbitration Awards With Proposed New Model Rules

Posted on October 14th, 2021 at 1:46 PM
NASAA Targets Unpaid Arbitration Awards With Proposed New Model Rules

The North American Securities Administrators Association (NASAA) has proposed new rules in an attempt to reduce the large number of arbitration awards that go unpaid to investors who prevail as claimants in arbitration proceedings.

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LATEST NEWS AND ARTICLES

October 27, 2021
Former LPL Advisor Suspended For Completing 22 Trades Absent Client Consent

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.

October 26, 2021
Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

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).

October 25, 2021
Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.