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Tagged with "Eccleston Law"

Edward Jones Files Motion to Dismiss $15 Million Book of Business Lawsuit

Posted on May 24th, 2022 at 12:13 PM

A former Edward Jones advisor has filed suit against Edward Jones over a $15 million book of business.

 
 

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FINRA Suspends Former Morgan Stanley Advisor Who Solicited Venture Capital Investment

Posted on May 23rd, 2022 at 3:09 PM
FINRA Suspends Former Morgan Stanley Advisor Who Solicited Venture Capital Investment

The Financial Industry Regulatory Authority (FINRA) has suspended a former Morgan Stanley advisor for allegedly misleading investors regarding a private placement sold by the firm.

 
 
 
 

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SEC Bars Michigan Advisor Who Misappropriated $314,000 From Elderly Client

Posted on May 23rd, 2022 at 8:33 AM
SEC Bars Michigan Advisor Who Misappropriated $314,000 From Elderly Client

The Securities and Exchange Commission has barred an advisor who allegedly misappropriated nearly $305,000 from an elderly client and additionally overcharged the client at least $9,000 in advisory fees.

 
 

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UBS Advisor Joins U.S. Capital After Contentious Compliance Review

Posted on May 19th, 2022 at 1:48 PM
UBS Advisor Joins U.S. Capital After Contentious Compliance Review

A UBS Wealth Management advisor who generated $3 million in annual revenue has joined U.S. Capital Wealth Advisors, which is a regional Texas-based firm run by a former UBS manager.

 
 

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Some Advisors Chose Inopportune Time To Boost Bet On GWG Bonds

Posted on May 18th, 2022 at 2:31 PM
Some Advisors Chose Inopportune Time To Boost Bet On GWG Bonds

Financial advisors who chose to double down on GWG are having second thoughts.

 
 

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Focus Financial Board Member Sues J.P. Morgan Over $7 Million In Pandemic Losses

Posted on May 17th, 2022 at 1:57 PM
Focus Financial Board Member Sues J.P. Morgan Over $7 Million In Pandemic Losses

A California dermatologist, who also is a Focus Financial Partners board member, has filed a $7 million arbitration claim against J.P. Morgan over pandemic-related losses in a managed account.

 
 

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UBS Alleges Former Texas Advisor Stole $17 Million From Clients

Posted on May 17th, 2022 at 8:46 AM
UBS Alleges Former Texas Advisor Stole $17 Million From Clients

UBS Wealth Management alleges that one of its former Texas-based advisors stole nearly $17 million from clients as part of a scheme that ran almost 25 years.

 
 

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FINRA Arbitration Claims Decline

Posted on May 13th, 2022 at 12:20 PM
FINRA Arbitration Claims Decline

Fewer investors have been filing arbitration claims to recover their investment losses. However, industry experts anticipate that the case count may climb, if not skyrocket, later this year due to recent market volatility.

 
 

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Federal Jury Convicts Sarasota Advisor Over $80 Million Ponzi Scheme

Posted on May 12th, 2022 at 1:15 PM
Federal Jury Convicts Sarasota Advisor Over $80 Million Ponzi Scheme

A federal jury has convicted a Sarasota-based advisor, Michael DaCorta, for conducting an $80 million Ponzi scheme.

 
 
 

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FINRA Expected to Address Retail Investor Exposure to Complex ETFs

Posted on May 10th, 2022 at 1:21 PM
FINRA Expected to Address Retail Investor Exposure to Complex ETFs

The Financial Industry Regulatory Authority (FINRA) recently requested comments on whether stricter measures ought to be implemented to curb retail investor access to complex ETFs.

 
 

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