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Tagged with "Eccleston Law"

Advisors Face Scrutiny After Selling $2 Billion In GWG Junk Bonds

Posted on February 2nd, 2022 at 3:15 PM
Advisors Face Scrutiny After Selling $2 Billion In GWG Junk Bonds

An alternative asset manager that had issued a collection of high-yield bonds known as L Bonds, GWG Holdings Inc., has struggled to cover its interest payments.

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Supreme Court Rules On Landmark 401(K) Fee Suit

Posted on February 1st, 2022 at 1:01 PM
Supreme Court Rules On Landmark 401(K) Fee Suit

The U.S. Supreme Court has reversed an appellate court’s decision involving Northwestern University, which may impact numerous other pending lawsuits that target retirement plans with underperforming investments and excessive fees.

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Former Edward Jones Advisor Suspended For Illegally Borrowing $150K From Client

Posted on January 31st, 2022 at 12:20 PM
Former Edward Jones Advisor Suspended For Illegally Borrowing $150K From Client

The Financial Industry Regulatory Authority (FINRA) has suspended a former Edward Jones advisor who allegedly borrowed $150,000 from a client to cover debts incurred by an unprofitable golf-cart business operated by he and his wife.

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SEC Charges Former UBS Advisor For Alleged Misappropriation

Posted on January 28th, 2022 at 1:15 PM
SEC Charges Former UBS Advisor For Alleged Misappropriation

The Securities and Exchange Commission (SEC) has charged a former UBS advisor, German Nino, for allegedly misappropriating $5.8 million of client funds.

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Massachusetts Regulators Say Fidelity Rubber-Stamped Options Applications

Posted on January 27th, 2022 at 2:16 PM
Massachusetts Regulators Say Fidelity Rubber-Stamped Options Applications

Massachusetts securities regulators have filed suit against Fidelity Brokerage Services alleging unethical practices relating to the firms’ rubber-stamping of options trading applications.

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Top FINRA Initiatives For 2022

Posted on January 25th, 2022 at 1:01 PM
Top FINRA Initiatives For 2022

A host of new initiatives are ahead in 2022 at the Financial Industry Regulatory Authority (FINRA), according to CEO Robert Cook.

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FINRA Set To Issue Crypto Notice And Consider Expungement Reform

Posted on January 24th, 2022 at 1:38 PM
FINRA Set To Issue Crypto Notice And Consider Expungement Reform

The Financial Industry Regulatory Authority (FINRA) is set to issue a regulatory notice pertaining to cryptocurrency as well as expungement reform.

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CFP Board Establishes New Appeals Commission

Posted on January 21st, 2022 at 1:39 PM
CFP Board Establishes New Appeals Commission

The Certified Financial Planner (CFP) Board of Standards has established a new Appeals Commission. As the name suggests, the Appeals Commission possesses the sole authority to adjudicate appeal hearings.

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Edward Jones Fails To Convince Supreme Court To Review Federal Preemption of Account Fee Suit

Posted on January 20th, 2022 at 1:12 PM
Edward Jones Fails To Convince Supreme Court To Review Federal Preemption of Account Fee Suit

Edward Jones & Co. failed to convince the U.S. Supreme Court to analyze how a federal securities law impacts a client dispute pertaining to fee-based accounts.

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SEC Charges Texas Entities Over Oil and Gas Fraud

Posted on January 19th, 2022 at 12:50 PM
SEC Charges Texas Entities Over Oil and Gas Fraud

The Securities and Exchange Commission (SEC) has charged The Heartland Group Ventures, Heartland Production and Recovery, six other Heartland-affiliated entities, four Heartland-affiliated individuals as well as several oil and gas operators.

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LATEST NEWS AND ARTICLES

1787765850 Law
August 26, 2026
FINRA Orders WestPark Capital to Pay $520,000 Over GWG L Bond Sales

The fallout from the collapse of GWG Holdings continues to affect the broker-dealers that sold the company's illiquid L bonds.

1787679428 Law
August 25, 2026
Ameriprise Broker Sues LPL-Affiliated Practice Over Use of "Kindred" Name

AdvisorHub reports that an Ameriprise Financial broker in Oklahoma has filed a trademark infringement lawsuit against an LPL Financial-affiliated practice over its use of the word "kindred" in its name.

1787592120 Law
August 24, 2026
Sophisticated Voice Phishing Attacks Target Major Wall Street Firms

According to ThinkAdvisor, hackers recently launched a series of sophisticated cyberattacks against major Wall Street firms, including prominent hedge funds and private equity companies.