The U.S. Securities and Exchange Commission (“SEC”) charged Sperry and Sons Capital Investments, LLC, and its principal, Kirk Sperry, with defrauding investors relating to a real estate investment project.
Tagged with "Eccleston Law"
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CFP Board Enforcement Process: Resolution of Petitions for Reinstatement Following Order of Suspension of More than One Year
Posted on September 8th, 2020 at 11:06 AM
This is the twelfth of several posts detailing the CFP Board enforcement process. This post will focus on the CFP Board’s procedure regarding resolution of a Petition for Reinstatement following order of suspension of more than one year.
Advisor Agrees to Settle SEC Allegations Involving ETFs
Posted on September 3rd, 2020 at 10:08 AM
Dominic A. Tropiano has agreed to settle allegations from the U.S. Securities and Exchange Commission (“SEC”) that he lost customers more than $1 million investing in risky and complex products.
The SEC Files Complaint Against Mark Boucher and Strategic Wealth Advisors Group Services
Posted on August 26th, 2020 at 3:18 PM
The U.S. Securities and Exchange Commission (“SEC”) charged advisor Mark J. Boucher and his company, Strategic Wealth Advisor Group Services, Inc., with fraud.
Morgan Stanley Agrees to Settle FINRA Charge of Failure to Supervise
Posted on August 24th, 2020 at 10:04 AM
Morgan Stanley Wealth Management has reached an agreement with the Financial Industry Regulatory Authority (“FINRA”) to settle charges relating to alleged supervisory failures.
FINRA Suspends Broker for Conduct Related to Customer Complaint
Posted on August 21st, 2020 at 9:05 AM
Former Edward Jones broker, Michael A. Erwin, agreed to pay a $2,500 fine and serve a 10-day suspension from association with any FINRA member firm in all capacities.
CFP Professionals Under Investigation Need Attorney Representation
Posted on August 19th, 2020 at 3:49 PM
As we have discussed in a previous Eccleston Law post, the CFP Board has the authority to conduct an investigation of a CFP professional.
FINRA Proposes Rule Governing Registered Reps Holding Positions of Trust
Posted on July 31st, 2020 at 9:12 AM
FINRA has proposed a rule change which would limit a registered person’s ability to be named as a customer’s beneficiary or hold a position of trust for a customer. The new rule would be known as FINRA Rule 3241.
CFP Board Compares its Duty of Care to the SEC’s Reg B-I
Posted on July 30th, 2020 at 3:40 PM
This is the second of several posts discussing the similarities and differences of the SEC’s recently-implemented Regulation Best Interest (“Reg. B-I”) and the CFP Board’s Code of Ethics and Standards of Conduct. Previously, we discussed the difference in the standard of conduct required by the CFP Board code and Reg B-I. In this post, we will look at the duty of care required by the CFP Board and Reg B-I.
CFP Board Enforcement Process: No Challenges in CFP Board Proceeding to Criminal Convictions, Professional Discipline, or Civil Liability
Posted on July 28th, 2020 at 2:49 PM
This is the sixth of several posts detailing the CFP Board enforcement process. This post will focus on the rules regarding records which a Respondent cannot challenge in a CFP Board proceeding.
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