Tagged with "Eccleston Law"

Easterly ROCMuni Fund's Steep Decline Spurs Potential Investor Lawsuits

Posted on September 9th, 2025 at 11:54 AM
Easterly ROCMuni Fund's Steep Decline Spurs Potential Investor Lawsuits

The Easterly ROCMuni High Income Municipal Bond Fund (RMHIX) has suffered a dramatic collapse, losing nearly half its value in June and now trading at a net asset value (NAV) of $2.95 per share.

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SEC Fines New York RIA $50,000 for Custody Rule Violations

Posted on September 8th, 2025 at 1:32 PM
SEC Fines New York RIA $50,000 for Custody Rule Violations

The Securities and Exchange Commission (SEC) has fined Munakata Associates, a New York-based registered investment adviser, $50,000 for failing to comply with the agency’s custody rule requirements.

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Merrill Lynch Advisor Faces FINRA Disciplinary Action for Refusing to Cooperate with Investigation

Posted on September 5th, 2025 at 2:07 PM
Merrill Lynch Advisor Faces FINRA Disciplinary Action for Refusing to Cooperate with Investigation

The Financial Industry Regulatory Authority (FINRA) has initiated disciplinary proceedings against former Merrill Lynch broker Ali F. Chehab of Portland, Oregon. According to ThinkAdvisor, FINRA alleges that he refused to cooperate in an investigation into potential misconduct, including unauthorized trading and material misrepresentations to clients.

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Wells Fargo Ties $2,000 Bonus to Non-Solicitation Clause, Raising Advisor Concerns

Posted on September 4th, 2025 at 11:45 AM
Wells Fargo Ties $2,000 Bonus to Non-Solicitation Clause, Raising Advisor Concerns

Wells Fargo & Co. recently issued a $2,000 bank-wide award to its 215,000 employees, following the Federal Reserve’s June decision to lift its asset growth restrictions.

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Kansas City Advisory Firms Agree to $25.5 Million Settlement Over No-Poach Allegations

Posted on September 3rd, 2025 at 1:57 PM
Kansas City Advisory Firms Agree to $25.5 Million Settlement Over No-Poach Allegations

Mariner Wealth Advisors, along with two other Kansas City-area firms, has agreed to a $25.5 million class action settlement over allegations that they illegally agreed not to solicit each other’s advisors.

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FINRA Fines TradeStation Securities Over Deficient Crypto Communications

Posted on September 2nd, 2025 at 11:24 AM
FINRA Fines TradeStation Securities Over Deficient Crypto Communications

FINRA has fined TradeStation Securities Inc. $85,000 for violations related to retail communications about crypto assets and crypto asset-related services.

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FINRA's 2025 Industry Snapshot Highlights

Posted on August 29th, 2025 at 11:33 AM
FINRA's 2025 Industry Snapshot Highlights

The Financial Industry Regulatory Authority’s (FINRA) has published its 2025 Industry Snapshot. The Snapshot provides a detailed view of its member firms, registered representatives, and trading activity, revealing both consolidation in the industry and shifts in business models.

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Former Raymond James Advisor Barred by FINRA Over Misappropriation Probe

Posted on August 28th, 2025 at 2:00 PM
Former Raymond James Advisor Barred by FINRA Over Misappropriation Probe

The Financial Industry Regulatory Authority (FINRA) has permanently barred former Raymond James financial advisor Meredith Archer Webber after she failed to comply with repeated requests for documents and testimony during an investigation into the possible misappropriation of funds from two elderly clients, according to ThinkAdvisor.

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SEC Fines American Portfolios Advisors $1.75 Million for Overbilling and Undisclosed Conflicts

Posted on August 27th, 2025 at 12:38 PM
SEC Fines American Portfolios Advisors $1.75 Million for Overbilling and Undisclosed Conflicts

The Securities and Exchange Commission (SEC) has fined American Portfolios Advisors $1.75 million for a series of violations that occurred between August 2020 and March 2023, including overbilling advisory clients and failing to disclose conflicts of interest tied to compensation arrangements.

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NIL Era Exposes Student-Athletes to Financial Fraud and Uncharted Risks

Posted on August 26th, 2025 at 1:50 PM
NIL Era Exposes Student-Athletes to Financial Fraud and Uncharted Risks

The evolving world of paying college athletics has opened new revenue streams for student-athletes. According to Wealth Management it has also invited a host of fifinancial dangers that many young players are ill-equipped to manage.

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LATEST NEWS AND ARTICLES

March 2, 2026
FINRA Suspends Cetera Broker for Accepting $50,000 Client Bequest Without Firm Approval

The Financial Industry Regulatory Authority (FINRA) imposed a $10,000 fine and a seven-month suspension on an independent broker for accepting a $50,000 bequest from a client without obtaining prior firm approval.

February 27, 2026
Eighth Circuit Rejects Emergency Injunction in Advisor Departure Dispute

A federal appeals court ruled against an advisory firm seeking immediate, injunctive relief after a team of advisors left with hundreds of millions in client assets.

February 26, 2026
FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

A former advisor affiliated with Cambridge Investment Research has been barred from the securities industry after declining to comply with a regulatory investigation, according to the Financial Industry Regulatory Authority (FINRA).