In December 2019, a FINRA arbitration panel ordered UBS Wealth Management USA to pay a former employee $11 million for defamatory statements UBS made on that individual’s Form U5 filed with FINRA.
Tagged with "Eccleston Law"
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Illinois Court Upholds $11 Million Arbitration Award Against UBS
Posted on December 3rd, 2020 at 3:34 PM
FINRA Suspends Former J.P. Morgan Securities Advisor
Posted on December 2nd, 2020 at 4:21 PM
Former J.P. Morgan Securities advisor David Beston agreed to pay a $5,000 fine and serve a five-month suspension from association with any FINRA member firm in any capacity.
FINRA Suspends Multiple Advisors for Taking Client Information
Posted on November 30th, 2020 at 3:07 PM
Daniel Hee, a former advisor at UBS Wealth Management USA, and Joseph D. Olheiser, a former Morgan Stanley advisor, have each been ordered by FINRA to pay a $5,000 fine and serve a ten-day suspension from association with any FINRA member firm in any capacity.
FINRA Suspends Former Stifel Advisor for UIT Violations
Posted on November 25th, 2020 at 2:30 PM
Kurt J. Gunter, a former Stifel advisor, has agreed to pay a $10,000 fine and serve a three-month suspension from association with any FINRA member firm in any capacity.
JPMorgan Chase Bank Agrees to Pay $250 Million Fine
Posted on November 24th, 2020 at 3:07 PM
JPMorgan Chase Bank has been fined $250 million by the Office of the Comptroller of the Currency (“OCC”).
Securities America Advisors Settles SEC Charges Related to the Sale of Volatility-Linked Exchange-Traded Products
Posted on November 23rd, 2020 at 2:58 PM
Securities America Advisors, Inc. has agreed to settle charges brought by the U.S. Securities and Exchange Commission (“SEC”).
Financial Advisor Charged with Murder
Posted on November 23rd, 2020 at 9:23 AM
Keith T. Ashley, a financial advisor who was already under an FBI investigation for an alleged Ponzi scheme, has been charged with murder.
Respondent in FINRA Enforcement Arbitration Seeks Injunction to Stop Remote Hearing
Posted on November 19th, 2020 at 9:19 AM
Alpine Securities Corp, a respondent in a FINRA Enforcement arbitration, has filed a lawsuit in federal court in Utah seeking to enjoin FINRA from holding an enforcement arbitration hearing virtually, Law360 reported.
Summit Financial Group Settles SEC Charges Related to the Sale of Volatility-Linked Exchange-Traded Products
Posted on November 16th, 2020 at 1:09 PM
Summit Financial Group, Inc. has agreed to settle charges brought by the U.S. Securities and Exchange Commission (“SEC”).
FINRA Discusses Regulatory Focus for Registered Index-Linked Annuities
Posted on November 12th, 2020 at 2:37 PM
At a recent conference, FINRA CEO Robert Cook provided some guidance on registered index-linked annuities (“RILAs”), according to an article in ThinkAdvisor.
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