Tagged with "Eccleston Law"

Two Raymond James Advisors Barred for Failing to Cooperate in FINRA Investigations

Posted on August 6th, 2024 at 1:50 PM
Two Raymond James Advisors Barred for Failing to Cooperate in FINRA Investigations

FINRA has barred two Raymond James Financial Services Inc. advisors, Bryan Noonan and Thomas Reyes, from the securities industry due to their failure to cooperate in ongoing investigations.

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LPL Financial Faces Lawsuit Over Low Interest Rates in Cash Sweep Programs

Posted on August 5th, 2024 at 9:46 AM
LPL Financial Faces Lawsuit Over Low Interest Rates in Cash Sweep Programs

LPL Financial is the latest target of a lawsuit concerning the interest rates it offers on uninvested cash held in customer accounts.

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SEC's Private Fund Advisers Rules

Posted on August 2nd, 2024 at 10:07 AM
SEC's Private Fund Advisers Rules

The Securities and Exchange Commission (SEC) is tightening the regulatory framework for Registered Investment Advisers (RIAs) with the implementation of the Private Fund Advisers Rules, set to fully take effect by early 2025.

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SEC Charges Silvergate Capital and Executives with Misleading Investors

Posted on August 1st, 2024 at 11:59 AM
SEC Charges Silvergate Capital and Executives with Misleading Investors

The Securities and Exchange Commission (SEC) has filed a complaint against Silvergate Capital Corporation and three former executives, alleging they misled investors about the strength of Silvergate Bank’s Bank Secrecy Act/Anti-Money Laundering compliance program and the monitoring of crypto customers, including the collapsed FTX.

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Clients Sue Charles Schwab and Hightower Advisors Over $1 Million Fraud

Posted on July 31st, 2024 at 10:15 AM
Clients Sue Charles Schwab and Hightower Advisors Over $1 Million Fraud

Clients are suing Charles Schwab & Co. and Hightower Advisors after fraudsters allegedly stole nearly $1 million from their retirement accounts and turned off electronic notifications that could have alerted them.

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Tech Drip Hits Leveraged ETFs Hard, Highlighting Investment Risks

Posted on July 30th, 2024 at 11:09 AM
Tech Drip Hits Leveraged ETFs Hard, Highlighting Investment Risks

Recent AI-driven rallies in tech stocks have encouraged investors to buy the dip, but this strategy has backfired for those using leveraged exchange-traded funds (ETFs) to amplify returns.

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Why Financial Advisors Should Embrace a Niche Market

Posted on July 29th, 2024 at 8:50 AM
Why Financial Advisors Should Embrace a Niche Market

FinancialPlanning recently discussed how focusing on a niche can accelerate growth, especially when advisors promote their focus across all mediums, including websites, social media, and branding.



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Kentucky Advisor Sues LPL Financial for Alleged Corporate Raid

Posted on July 26th, 2024 at 9:01 AM
Kentucky Advisor Sues LPL Financial for Alleged Corporate Raid

A Kentucky advisor, Mark Lamkin, has filed a lawsuit against LPL Financial, claiming the independent broker-dealer orchestrated a corporate raid that resulted in the loss of his firm’s entire book of managed assets.

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FINRA Plans Fee Increases Amid Rising Costs and Losses

Posted on July 25th, 2024 at 10:51 AM
FINRA Plans Fee Increases Amid Rising Costs and Losses

The Financial Industry Regulatory Authority (FINRA) has announced plans to raise fees for its approximately 3,300 broker-dealer member firms. According to AdvisorHub, the self-regulator faces soaring costs, as detailed in its annual report published at the end of June.

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Raymond James Settles with Oregon Over Excessive Commissions

Posted on July 24th, 2024 at 1:36 PM
Raymond James Settles with Oregon Over Excessive Commissions

Raymond James recently settled a case with Oregon's Division of Financial Regulation (“DFR”), agreeing to pay nearly $200,000 over allegations of charging excessive commissions to retail investors.

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If you are being bothered by the Regulators, call Eccleston Law, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

November 4, 2025
FINRA Suspends Former Morgan Stanley Advisor Over $180,000 in Improper Transfers

The Financial Industry Regulatory Authority (FINRA) suspended former Morgan Stanley advisor C.J. Kline for two years and imposed a $5,000 fine for allegedly executing more than $180,000 in improper fund transfers between his personal and brokerage accounts.

November 3, 2025
Former Florida Broker Pleads Guilty in $2.7 Million Investment Fraud and PPP Loan Scheme

Former Florida broker Jared Dean Eakes, 34, of Jacksonville, has pleaded guilty to wire and bank fraud in connection with a $2.7 million investment scam and a separate scheme involving over $4.75 million in fraudulent Paycheck Protection Program (PPP) loans, according to U.S. Attorney Gregory W. Kehoe for the Middle District of Florida.

October 31, 2025
Department of Labor Sued Over Illegitimate Deferred Compensation Opinion Letter

Three former Morgan Stanley advisors filed suit this week against the U.S. Department of Labor (DOL), claiming the agency exceeded its authority and was unduly influenced when it issued an advisory opinion that sought to undermine their deferred compensation claims.