Tagged with "Eccleston Law LLC"

Wells Fargo ‘fabricated’ investigation into advisors, arbitration panel says

Posted on January 22nd, 2020 at 4:34 PM
Wells Fargo ‘fabricated’ investigation into advisors, arbitration panel says

Three former Wells Fargo advisors’ termination records must be expunged after the firm “fabricated investigatory findings” and ousted them, an arbitration panel ruled this month.

Read More »

Former Wells Fargo Advisors Team Wins Sweeping Expungement of Their Forms U-5

Posted on January 22nd, 2020 at 4:09 PM
Former Wells Fargo Advisors Team Wins Sweeping Expungement of Their Forms U-5

On January 15th, a FINRA arbitration panel in Indianapolis recommended expungement of Forms U-5, finding that Wells Fargo Advisors Financial Network (“Wells Fargo”) had disaffiliated with a team of financial advisors “as a result of fabricated investigatory findings.”

Read More »

Royal Alliance Agrees to Pay $400,000 for Failing to Catch Brokers Who Stole Millions

Posted on January 22nd, 2020 at 2:23 PM
Royal Alliance Agrees to Pay $400,000 for Failing to Catch Brokers Who Stole Millions

Independent broker-dealer Royal Alliance Associates ("Royal Alliance") has agreed to pay $400,000 for failing to catch two former brokers who stole more than $3.8 million from customers.

Read More »

Prudential Pays $1 Million for Wrong Information on Fees in Retirement Plans

Posted on January 21st, 2020 at 3:01 PM
Prudential Pays $1 Million for Wrong Information on Fees in Retirement Plans

The Financial Industry Regulatory Authority (“FINRA”) has fined Prudential $1 million for retirement plan investment-related violations.

Read More »

SEC Accuses Investment Company And Its Founders Of $6 Million Investment Scam

Posted on January 14th, 2020 at 1:44 PM
SEC Accuses Investment Company And Its Founders Of $6 Million Investment Scam

Two men and their unregistered investment company lied in their sales pitches and invested funds of seniors in a $6 million scam.

Read More »

FINRA Panel Denies Former Advisor Opportunity to Defend Himself

Posted on January 13th, 2020 at 2:29 PM
FINRA Panel Denies Former Advisor Opportunity to Defend Himself

A Financial Industry Regulatory Authority Inc. ("FINRA") arbitration panel recently concluded an arbitration case involving a former Raymond James advisor with a promissory note balance. The case is unique because the arbitrators denied the rep an opportunity to present testimony, witnesses or evidence, as a sanction for failing to file his answer in a timely manner.

Read More »

Arbitrators deny ex-advisor chance to defend himself in Raymond James case

Posted on January 10th, 2020 at 9:08 AM
Arbitrators deny ex-advisor chance to defend himself in Raymond James case

They say everyone gets their day in court — except maybe Gregory Clark, a former Raymond James advisor whose FINRA arbitration case ended without his testimony, witnesses or evidence.

Read More »

Illinois Jury Convicts Father and Son In $1.3 Million Investment Scheme

Posted on January 9th, 2020 at 2:51 PM
Illinois Jury Convicts Father and Son In $1.3 Million Investment Scheme

An Illinois federal jury recently convicted a father on 24 criminal counts and his son on 13 criminal counts. The defendants allegedly convinced family members and two church congregations to invest in what was a $1.3 million Ponzi scheme involving apartments in distress.

Read More »

FINRA Survey Concludes Investor Knowledge is Low

Posted on January 8th, 2020 at 9:59 AM
FINRA Survey Concludes Investor Knowledge is Low

A recent survey conducted by the FINRA Investor Education Foundation found that investor knowledge is “low.”

Read More »

Merrill Lynch Pays $40 Million to Settle Broker Churning

Posted on January 7th, 2020 at 1:23 PM
Merrill Lynch Pays $40 Million to Settle Broker Churning

Churning allegations involving a former Bank of America’s Merrill Lynch (“Merrill Lynch”) broker have cost the wirehouse $40 million, and it still faces another costly complaint from another customer related to the same broker.

Read More »

TESTIMONIALS

Previous
Next

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.

Howard S.

LATEST NEWS AND ARTICLES

May 1, 2024
FINRA Arbitration Awards Wells Fargo Over $3 Million in Dispute with Ohio RIA Founders

A recent FINRA arbitration decision has ordered a Cincinnati-based registered investment advisor firm and two of its founders to pay Wells Fargo more than $3 million in combined damages.

May 1, 2024
Attorney Eccleston Receives AVVO Top Rated Lawyer Award 2024

 James Eccleston has been officially recognized as a Top Rated Lawyer by Martindale-AVVO.  

April 30, 2024
Commonwealth Financial Network Ordered to Pay $93.3 Million Over Conflicts of Interest

Commonwealth Financial Network has been directed to pay $93.3 million due to its failure to disclose conflicts of interest linked to a revenue-sharing program with a
Fidelity Investments unit.