Tagged with "Eccleston Law"

FINRA Launches Pilot Program for Remote Branch Inspections

Posted on September 12th, 2024 at 10:37 AM
FINRA Launches Pilot Program for Remote Branch Inspections

According to InvestmentNews, a total of 741 FINRA member firms have joined a three-year pilot program assessing remote inspections of branches and offices.

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New Treasury Rules Impose AML/CFT Requirements on Investment Advisers

Posted on September 11th, 2024 at 10:58 AM
New Treasury Rules Impose AML/CFT Requirements on Investment Advisers

The U.S. Treasury Department has finalized anti-money-laundering (AML) regulations targeting investment advisers registered with the U.S. Securities and Exchange Commission (SEC).

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FINRA Bars Advisor for Forging Signatures and Violating Regulation Best Interest

Posted on September 10th, 2024 at 11:24 AM
FINRA Bars Advisor for Forging Signatures and Violating Regulation Best Interest

The Financial Industry Regulatory Authority (FINRA) has barred Christopher Reynolds for forging customer signatures on annuity documents and violating Regulation Best Interest (Reg BI). 

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TD Bank Sets Aside $2.6 Billion for Expected Fines Amid Money-Laundering Allegations

Posted on September 9th, 2024 at 3:57 PM
TD Bank Sets Aside $2.6 Billion for Expected Fines Amid Money-Laundering Allegations

Toronto-Dominion Bank (TD Bank) has allocated $2.6 billion to cover anticipated fines related to failures in its anti-money laundering (AML) controls.

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Veteran Advisor Exits Industry Amid FINRA Probe into UIT Trading Practices

Posted on September 6th, 2024 at 10:00 AM
Veteran Advisor Exits Industry Amid FINRA Probe into UIT Trading Practices

Gregory Alan Corrie, a 30-year industry veteran based in Boise, Idaho, has opted to leave the securities industry rather than cooperate with a FINRA investigation into allegations of improper trading of Unit Investment Trusts (UITs).

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SEC Freezes Assets of Wells Real Estate Investment and Leaders Amid $56 Million Fraud Allegations

Posted on September 5th, 2024 at 1:47 PM
SEC Freezes Assets of Wells Real Estate Investment and Leaders Amid $56 Million Fraud Allegations

The Securities and Exchange Commission (SEC) has taken emergency action against Wells Real Estate Investment, LLC, its CEO Janalie C. Bingham, and Jean Joseph, a previously convicted felon, for allegedly defrauding investors out of $56 million.

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UBS Fined $850,000 for Supervisory Failures Leading to Investor Losses

Posted on September 4th, 2024 at 11:29 AM
UBS Fined $850,000 for Supervisory Failures Leading to Investor Losses

FINRA has fined UBS Wealth Management USA $850,000 for failing to supervise an advisor who recommended unauthorized outside investments for over a decade.

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Wisconsin Financial Advisor Suspended and Fined for Unauthorized Transactions

Posted on September 3rd, 2024 at 10:18 AM
Wisconsin Financial Advisor Suspended and Fined for Unauthorized Transactions

FINRA has suspended and fined Wisconsin financial advisor John E. Pelletier after he executed 16 unauthorized transactions, allowing a client's ex-wife to nearly deplete his individual retirement account (IRA).

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Advisor Sues Hightower, Alleging Age Discrimination and Unfair Treatment

Posted on August 30th, 2024 at 9:01 AM
Advisor Sues Hightower, Alleging Age Discrimination and Unfair Treatment

Glenn Frank, a Massachusetts-based financial advisor, has filed a lawsuit against Hightower Holdings and Lexington Wealth Management, alleging age discrimination and unfair treatment.

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Supreme Court Limits SEC's Use of In-House Tribunals in Securities Fraud Cases

Posted on August 29th, 2024 at 2:01 PM
Supreme Court Limits SEC's Use of In-House Tribunals in Securities Fraud Cases

As reported by InvestmentNews, the Supreme Court ruled in SEC v. Jarkesy that the SEC must bring actions seeking civil penalties for securities fraud in a court of law, where defendants are entitled to a trial by jury.

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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.