Tagged with "Eccleston Law"

SEC Fines Thrivent Investment Management for Red BI Violations

Posted on October 25th, 2024 at 1:27 PM
SEC Fines Thrivent Investment Management for Red BI Violations

The Securities and Exchange Commission (SEC) has imposed a $25,000 fine on Thrivent Investment Management for violating Regulation Best Interest (Reg BI) in its investment recommendations to retail brokerage clients.

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FINRA Suspends Former LPL Advisor for Unapproved Business Activities

Posted on October 24th, 2024 at 11:40 AM
FINRA Suspends Former LPL Advisor for Unapproved Business Activities

FINRA has suspended a former LPL Financial advisor for one month and fined her $5,000 for engaging in unapproved outside business activities related to property management services, according to a settlement agreement known as an AWC (Acceptance, Waiver, and Consent).

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Former Merrill Lynch Advisor Sanctioned for Unauthorized Crypto Work and Misleading Letters

Posted on October 23rd, 2024 at 10:57 AM
Former Merrill Lynch Advisor Sanctioned for Unauthorized Crypto Work and Misleading Letters

A former Merrill Lynch advisor, John Rollin Revelle, has been suspended for 10 months and fined $7,500 by the Financial Industry Regulatory Authority (FINRA) for engaging in unauthorized activities, including working for a cryptocurrency exchange and issuing misleading asset verification letters.

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NASAA Highlights Common Violations by State-Registered Investment Advisors

Posted on October 22nd, 2024 at 1:43 PM
NASAA Highlights Common Violations by State-Registered Investment Advisors

State securities regulators took significant enforcement actions in 2023, with many cases stemming from breaches of fiduciary duty and failures to register, according to the North American Securities Administrators Association (NASAA).

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SEC Fines 11 Firms for Recordkeeping Failures in Off-Channel Communications

Posted on October 21st, 2024 at 11:44 AM
SEC Fines 11 Firms for Recordkeeping Failures in Off-Channel Communications

The Securities and Exchange Commission (SEC) continues its strict enforcement of recordkeeping requirements, fining 11 firms a combined $88.2 million for failing to preserve electronic communications.

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SEC Charges Inspire Investing with Misleading Investors and Related Compliance Failures

Posted on October 18th, 2024 at 3:20 PM
SEC Charges Inspire Investing with Misleading Investors and Related Compliance Failures

The Securities and Exchange Commission (SEC) recently charged Inspire Investing LLC, an Idaho-based investment adviser, with making misleading statements and failing to maintain compliance with its own "biblically responsible investing" strategy.

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Team Breakups Surge Among Financial Advisors Despite Firm Incentives

Posted on October 17th, 2024 at 1:28 PM
Team Breakups Surge Among Financial Advisors Despite Firm Incentives

In recent months, several high-profile departures have highlighted a growing trend: financial advisors are splitting from longtime teams and even family members to pursue opportunities with other firms. 

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FINRA Penalizes Advisor for Falsifying Client Signatures

Posted on October 16th, 2024 at 2:44 PM
FINRA Penalizes Advisor for Falsifying Client Signatures

FINRA has imposed a $7,500 fine and a one-year suspension on Richard Dean Connally.

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SEC Charges First Horizon Advisors for Regulation Best Interest Violations

Posted on October 15th, 2024 at 4:09 PM
SEC Charges First Horizon Advisors for Regulation Best Interest Violations

The Securities and Exchange Commission (SEC) has charged First Horizon Advisors, LLC, a registered broker-dealer, with violating Regulation Best Interest (Reg BI).

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Macquarie Investment Management to Pay $79.8 Million for Overvalued CMOs and Unlawful Cross Trades

Posted on October 11th, 2024 at 12:03 PM
Macquarie Investment Management to Pay $79.8 Million for Overvalued CMOs and Unlawful Cross Trades

The U.S. Securities and Exchange Commission (SEC) has charged Macquarie Investment Management Business Trust (MIMBT) with overvaluing collateralized mortgage obligations (CMOs) and executing unlawful cross-trades that favored certain clients. 

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LATEST NEWS AND ARTICLES

March 4, 2026
Modern Fraud Schemes Escalate in Scale and Sophistication

A recent panel discussion at the Financial Services Institute OneVoice conference in San Diego highlighted how rapidly evolving fraud schemes continue to victimize both retail and wealthy investors.

March 3, 2026
FINRA Suspends Former Stifel Broker Over Costly Account Switching Trades

The Financial Industry Regulatory Authority (FINRA) suspended a former Stifel, Nicolaus & Co.

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.