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Tagged with "Eccleston Law"

FINRA Fines and Suspends Ex-UBS Advisor for Trading in Deceased Client's Account

Posted on August 28th, 2024 at 10:25 AM
FINRA Fines and Suspends Ex-UBS Advisor for Trading in Deceased Client's Account

As reported by AdvisorHub, the Financial Industry Regulatory Authority (FINRA) has fined a former UBS advisor Luis E. Nin $5,000 and suspended him for one month after he placed unauthorized trades in a deceased client’s account.

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FINRA Bars Former Merrill Lynch Advisor

Posted on August 26th, 2024 at 10:39 AM
FINRA Bars Former Merrill Lynch Advisor

The Financial Industry Regulatory Authority (FINRA) has barred Imdadur “Gino” Rahman, a former Merrill Lynch advisor for multiple compliance violations involving his relationship with an elderly customer.

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Q2 2024 Securities Filings and Settlements: Key Insights

Posted on August 23rd, 2024 at 1:50 PM
Q2 2024 Securities Filings and Settlements: Key Insights

CRA Insights has prepared its update on Section 10(b) and Section 11 filings and settlements.

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Brokerages Face Technical Meltdown Amid Market Turmoil

Posted on August 21st, 2024 at 11:42 AM
Brokerages Face Technical Meltdown Amid Market Turmoil

InvestmentNews recently reported that a severe technical glitch disrupted several major online brokerages as investors scrambled to trade amidst a sharp market downturn.

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SEC Scrutiny Intensifies Over Cash Management in Advisory Accounts

Posted on August 20th, 2024 at 11:13 AM
SEC Scrutiny Intensifies Over Cash Management in Advisory Accounts

InvestmentNews reports that recent developments have intensified concerns about how broker-dealers manage cash in investment advisory accounts. Morgan Stanley and Wells Fargo & Co. are currently under scrutiny from the Securities and Exchange Commission (SEC) regarding their handling of client cash balances.

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Raymond James to Pay $50 Million in SEC Settlement Over Off-Channel Communications

Posted on August 19th, 2024 at 10:58 AM
Raymond James to Pay $50 Million in SEC Settlement Over Off-Channel Communications

Raymond James Financial has reached a "settlement in principle" with the Securities and Exchange Commission (SEC) to pay $50 million, resolving an investigation into the firm's off-channel business communications.

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Starwood REIT Limits Shareholder Redemptions Amid Liquidity Challenges

Posted on August 16th, 2024 at 10:18 AM
Starwood REIT Limits Shareholder Redemptions Amid Liquidity Challenges

According to InvestmentNews, Starwood Real Estate Income Trust Inc. (SREIT), has announced a significant reduction in the amount of shares it will repurchase from retail investors, a move aimed at preserving liquidity during challenging market conditions.

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GPB Capital Executives Found Guilty of Securities Fraud

Posted on August 15th, 2024 at 10:29 AM
GPB Capital Executives Found Guilty of Securities Fraud

David Gentile, the founder and CEO of GPB Capital Holdings, and Jeffry Schneider, chief of broker-dealer Ascendant Capital, were found guilty on all fraud counts in a federal trial that concluded in Brooklyn.

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Former Morgan Stanley Advisor Fined and Suspended for Unauthorized Trading

Posted on August 14th, 2024 at 11:25 AM
Former Morgan Stanley Advisor Fined and Suspended for Unauthorized Trading

FINRA has fined a former Morgan Stanley advisor, Craig Sherman Thistlethwaite, $10,000 and suspended him for 60 days for unauthorized trading and other violations.

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DOJ Launches Pilot Whistleblower Program Offering Financial Incentives for Reporting Corporate Misconduct

Posted on August 13th, 2024 at 11:34 AM
DOJ Launches Pilot Whistleblower Program Offering Financial Incentives for Reporting Corporate Misconduct

The Department of Justice (DOJ) has introduced a new pilot program offering financial rewards to whistleblowers who provide original information related to financial crimes, bribery, or healthcare fraud.

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LATEST NEWS AND ARTICLES

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April 20, 2026
FINRA Suspends Former Cape Securities CCO for Supervision Failures Tied to GWG L Bonds and Complex ETPs

The Financial Industry Regulatory Authority (FINRA) recently suspended and fined Lester Joel Hochler, the former Chief Compliance Officer of Cape Securities Inc., for failing to reasonably supervise recommendations of speculative debt securities and complex exchange-traded products to retail customers.

1776438642 Law
April 17, 2026
Florida Advisor Sentenced to 90 Months for Foreign Currency Ponzi Scheme and Tax Evasion

A federal court sentenced John A.

1776353258 Law
April 16, 2026
Former Financial Advisor Pleads Guilty to $10 Million Fraud Scheme Targeting Elderly Client

A former financial advisor has pleaded guilty to wire fraud after orchestrating a scheme that stole nearly $10 million from an elderly client, according to reporting by Financial Advisor News.