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Tagged with "Eccleston Law"

FINRA Panel Awards $160K in Broker Poaching Dispute Between Former Ameriprise Teammates

Posted on August 7th, 2025 at 4:23 PM
FINRA Panel Awards $160K in Broker Poaching Dispute Between Former Ameriprise Teammates

A FINRA arbitration panel has ordered Kraig R. Bode, an independent broker now affiliated with Sanctuary Wealth, to pay $160,000 in damages to his former teammate, Seth C. Murray, stemming from allegations of client solicitation following Bode’s departure from Ameriprise Financial in October 2021.

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Ex-Schwab Representative Suspended Two Years and Fined for Concealing Profit-Sharing Agreement

Posted on August 6th, 2025 at 11:46 AM
Ex-Schwab Representative Suspended Two Years and Fined for Concealing Profit-Sharing Agreement

The Financial Industry Regulatory Authority (FINRA) has suspended former Charles Schwab & Co. Inc. representative Daniel Michael Roper for two years.

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Second Circuit Rejects Morgan Stanley's Bid to Overturn ERISA Ruling

Posted on August 5th, 2025 at 2:25 PM
Second Circuit Rejects Morgan Stanley's Bid to Overturn ERISA Ruling

Morgan Stanley has once again hit a roadblock in its effort to overturn a federal court decision that applies the Employee Retirement Income Security Act of 1974 (ERISA) protections to its deferred compensation plan.

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FINRA Bars Former Stifel Broker Amid $133 Million Arbitration Fallout

Posted on August 4th, 2025 at 11:15 AM
FINRA Bars Former Stifel Broker Amid $133 Million Arbitration Fallout

The Financial Industry Regulatory Authority (FINRA) has barred former Stifel Financial broker Chuck A. Roberts after a wave of investor complaints linked to his sale of structured products culminated in a $133 million arbitration award and tens of millions in additional settlements.

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FINRA Bars Former Jefferies Advisor After Refusal to Cooperate with Regulatory Probe

Posted on August 1st, 2025 at 11:23 AM
FINRA Bars Former Jefferies Advisor After Refusal to Cooperate with Regulatory Probe

Nicholas Coubrough, a former wealth advisor with Jefferies Financial Group Inc. in Miami, has been permanently barred from the securities industry following his refusal to cooperate with an investigation by the Financial Industry Regulatory Authority (FINRA).

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Florida Attorney General Targets RAD Diversified REIT Over Suspected Ponzi Scheme

Posted on July 31st, 2025 at 3:38 PM
Florida Attorney General Targets RAD Diversified REIT Over Suspected Ponzi Scheme

Florida Attorney General James Uthmeier has launched an aggressive investigation into RAD Diversified REIT, Inc., its subsidiaries, and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, for allegedly violating Florida’s Deceptive and Unfair Trade Practices Act and other state laws.

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Florida Woman Arrested in $2.6 Million Theft Scheme Tied to Former Merrill Lynch Advisor

Posted on July 30th, 2025 at 11:14 AM
Florida Woman Arrested in $2.6 Million Theft Scheme Tied to Former Merrill Lynch Advisor

A Florida woman faces multiple felony charges for allegedly helping a former Merrill Lynch advisor steal millions from a high-profile NFL client, as reported by AdvisorHub.

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Stifel Faces Mounting Arbitration Losses Over Chuck Roberts' Structured Note Sales

Posted on July 29th, 2025 at 12:49 PM
Stifel Faces Mounting Arbitration Losses Over Chuck Roberts' Structured Note Sales

Stifel Financial has reached another substantial settlement connected to a controversial structured note strategy promoted by Miami-based broker Chuck A. Roberts.

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SEC Bars California Advisor for $4.6 Million Client Theft and Falsified Filings

Posted on July 28th, 2025 at 11:37 AM
SEC Bars California Advisor for $4.6 Million Client Theft and Falsified Filings

The Securities and Exchange Commission (SEC) has permanently barred Andrew Nash, a Santa Barbara-based investment adviser, from the securities industry after alleging he misappropriated $4.6 million from a client and falsified regulatory filings to cover up the theft.

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Former Merrill Lynch Broker Settles SEC Case Over $3 Million Investment Fraud

Posted on July 25th, 2025 at 1:56 PM
Former Merrill Lynch Broker Settles SEC Case Over $3 Million Investment Fraud

A former Dallas-based broker has settled civil charges with the Securities and Exchange Commission (SEC) after stealing nearly $3 million from his clients over nine years.

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LATEST NEWS AND ARTICLES

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July 30, 2026
CFP Board Proposes New Rules for Handling Expunged Criminal Records

The CFP Board has announced that it is considering a proposal to change how it treats applicants with expunged criminal convictions, according to Wealth Management.

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Edward Jones Invests in Fintech Firm Focused on Preventing Elder Financial Fraud

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1785249991 Law
July 28, 2026
Merrill Lynch Fined by FINRA for Failing to Report More Than 1,600 Customer Complaints

Merrill Lynch has agreed to pay a $225,000 fine and accept a censure to resolve allegations that it failed to properly identify and report more than 1,600 customer complaints submitted through post-call surveys, according to a Financial Industry Regulatory Authority (FINRA) Acceptance, Waiver and Consent letter ("AWC").