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Tagged with "Eccleston Law"

CFP Board Releases New Ethical Guides For Financial Planners

Posted on March 18th, 2022 at 1:39 PM
CFP Board Releases New Ethical Guides For Financial Planners

The Certified Financial Planner Board of Standards (CFP Board) has recently issued three new guides to assist certified financial planners in adhering to professional ethics standards in their practices.

 
 
 

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SEC Warns Advisors To Be “Vigilant” As Market Volatility Expands

Posted on March 17th, 2022 at 10:57 AM
SEC Warns Advisors To Be “Vigilant” As Market Volatility Expands

The Securities and Exchange Commission (SEC) has warned financial advisory firms and broker-dealers to be vigilant in analyzing trading risks as market volatility continues to surge.

 
 

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Retiring During A Time Of Uncertainty

Posted on March 17th, 2022 at 8:45 AM
Retiring During A Time Of Uncertainty

Over the past few years, several crises such as the Russian invasion of Ukraine and Covid-19 pandemic have resulted in supply chain disruptions, heightened market volatility and alternating retirement plans.

 
 
 

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Hightower Alleges Former Advisor Used RIA Sale Proceeds To Open Competing Firm

Posted on March 15th, 2022 at 11:55 AM

Hightower Advisors has filed suit against a former advisor, John Gibson, alleging that he improperly solicited his former clients to join him at a competing firm.

 

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J.P. Morgan Loses TRO Bid Against Former Advisor

Posted on March 14th, 2022 at 1:28 PM
J.P. Morgan Loses TRO Bid Against Former Advisor

A New Jersey federal court has denied J.P. Morgan’s request for a temporary restraining order (TRO) against an advisor who joined Wells Fargo in February 2022.

 
 

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Recent Morgan Stanley Recruiting Video Directly Criticizes Merrill Lynch

Posted on March 11th, 2022 at 2:27 PM
Recent Morgan Stanley Recruiting Video Directly Criticizes Merrill Lynch

A recently-produced Morgan Stanley recruiting video that managers can use to convince potential recruits to join the firm directly criticizes its rival, Merrill Lynch.

 

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SEC Charges Venture Capital Fund Advisor With Misleading Investors

Posted on March 10th, 2022 at 12:04 PM
SEC Charges Venture Capital Fund Advisor With Misleading Investors

The Securities and Exchange Commission (SEC) has charged venture capital fund advisor Alumni Ventures Group (AVG) with misleading clients about its management fee structure and participating in inter-fund transactions, which violated fund operating agreements.

 

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Wells Fargo Deemed ‘Vindictive’ In Former Advisor’s Arbitration Win

Posted on March 7th, 2022 at 2:37 PM
Wells Fargo Deemed ‘Vindictive’ In Former Advisor’s Arbitration Win

A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded a former Wells Fargo advisor $1.43 million in a dispute pertaining to the advisor’s termination from the firm.

 
 

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UBS Triggers Margin Calls After Russia Bond Values Plummet

Posted on March 3rd, 2022 at 3:24 PM
UBS Triggers Margin Calls After Russia Bond Values Plummet

UBS Group has triggered margin calls on some of its wealth management clients who use Russian bonds as collateral for their investments after the value of debt issued by the country and its businesses plummeted.

 
 

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Wells Fargo Announces That Labor Department Is Investigating Its 401(k) Plan

Posted on March 2nd, 2022 at 12:33 PM
Wells Fargo Announces That Labor Department Is Investigating Its 401(k) Plan

The U.S. Department of Labor (DOL) and other federal agencies are probing Wells Fargo & Co.’s 401(k) plan, according to the firm’s most recent SEC 10-k regulatory filing.

 
 

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