An Indianapolis federal court has denied a motion by Edward Jones for a temporary restraining order ("TRO") against a former broker who joined a competing firm.
Tagged with "Eccleston Law"
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Court Denies Edward Jones's Restraining Order Against Former Broker
Posted on November 21st, 2019 at 1:49 PM
SEC Files Action to Stop $6 Million Ponzi Scheme Targeting Seniors in Florida
Posted on November 20th, 2019 at 2:03 PM
The Securities and Exchange Commission ("SEC") has filed an emergency action and obtained a temporary restraining order and asset freeze against two Florida men and the two companies they control in connection with an alleged $6 million Ponzi scheme that has defrauded at least 55 investors, many of whom are senior citizens.
Ex-Hedge Fund Trader Receives 40 Months in Prison
Posted on November 19th, 2019 at 4:00 PM
A former Premium Point Investments trader received 40 months in prison for what federal prosecutors called a scheme to overinflate the fallen hedge fund's assets by $100 million by soliciting fake price quotes from a corrupt broker.
Former Philadelphia Eagles' Linebacker Found Guilty for Fraud Once Again
Posted on November 18th, 2019 at 2:01 PM
A federal judge has found former Philadelphia Eagles' linebacker guilty for a second time of defrauding his former coaches and other investors.
SEC Enforcement Actions on the Rise in 2019
Posted on November 15th, 2019 at 5:10 PM
The U.S. Securities and Exchange Commission ("SEC") continued to focus on enforcement and misconduct that puts investors at risk in fiscal year 2019.
UBS Pays $1.5 Million Gender Discrimination Award to Ex-Broker
Posted on November 14th, 2019 at 11:46 AM
A former star broker at UBS Group AG won a more than $1.5 million arbitration award after she alleged gender discrimination against her former employer and its Boston-based branch manager.
FINRA's Survey Confirms B-Ds Worry About the Aging of Registered Representatives
Posted on November 13th, 2019 at 4:26 PM
Not only there are concerns about senior investors, there are also concerns about senior advisors. About 65% of broker-dealers ("B-Ds") are "worried about the aging [of] registered representative population at their firms," according to the cell phone poll taken at the Senior Investor Protection Conference by the Financial Industry Regulatory Authority Inc. ("FINRA").
FINRA Ordered Raymond James to Pay $3.2 Million to Customers Harmed by Oil and Gas Investments
Posted on November 7th, 2019 at 5:22 PM
Financial Industry Regulatory Authority Inc. (“FINRA”) has ordered Raymond James and Associates Inc. (“Raymond James”) to pay $3.2 million to more than two dozen customers over unauthorized trading in oil and gas ventures.
Former NFL Player Convicted in Retrial For $10 Million Fraud Scheme
Posted on November 5th, 2019 at 2:46 PM
A federal jury convicted a former Philadelphia Eagles linebacker and Minnesota Vikings alumni Merrill Robertson Jr. in a retrial for his role in a $10 million fraud scheme.
FINRA Finds Lack of Oversight by Some Firms In Sale of Investment Products and Exchanges
Posted on November 1st, 2019 at 1:43 PM
The Financial Industry Regulatory Authority Inc. ("FINRA") said that some brokerages are not doing enough to prevent sales of investment products that are inappropriate for their customers.
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