Tagged with "Eccleston Law"

Edelman Financial Files Lawsuit Against Mariner Alleging Client Poaching and Defamation

Posted on December 14th, 2023 at 11:54 AM
Edelman Financial Files Lawsuit Against Mariner Alleging Client Poaching and Defamation

Edelman Financial Engines initiated legal action against Mariner Wealth Advisors, alleging that the Registered Investment Advisor (RIA) engaged in the wrongful recruitment of Edelman's financial advisors.

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Goldman Sachs Profit Drops by 33%

Posted on December 13th, 2023 at 1:24 PM
Goldman Sachs Profit Drops by 33%

Goldman Sachs Group Inc. experienced its second consecutive quarter of real estate writedowns and a continued dealmaking slump, reducing its profitability to approximately half of its targeted level.

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CFP Board Advances Measures for Heightened Accountability and Transparent Public Sanctions

Posted on December 12th, 2023 at 3:33 PM
CFP Board Advances Measures for Heightened Accountability and Transparent Public Sanctions

The CFP Board has revealed that it will release the Disciplinary and Ethics Commission (DEC) orders imposing sanctions alongside the public sanction news releases that it already publicizes. 

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TD Bank Brokerage Unit Settles FINRA Case Alleging Oversight Gaps in Email Monitoring

Posted on December 11th, 2023 at 10:57 AM
TD Bank Brokerage Unit Settles FINRA Case Alleging Oversight Gaps in Email Monitoring

TD Private Client Wealth (TDPCW), a broker-dealer subsidiary of TD Bank, has agreed to pay a $600,000 fine and be censured following an investigation by the Financial Industry Regulatory Authority (FINRA).

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Former Advisor Receives Decade Long Prison Sentence for Fraudulent Activities

Posted on December 8th, 2023 at 1:23 PM
Former Advisor Receives Decade Long Prison Sentence for Fraudulent Activities

Former First American Securities Inc. president Thomas Brenner has been sentenced to over ten years in prison by a federal judge in Ohio.

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RIA's Asset Growth Still Trails Behind Wirehouse Counterparts

Posted on December 7th, 2023 at 11:29 AM
RIA's Asset Growth Still Trails Behind Wirehouse Counterparts

Registered Investment Advisors (RIAs) are experiencing a faster growth rate in numbers compared to national brokerage firms, as indicated by recent data from Cerulli Associates, but their asset levels still trail.

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Real Estate Firm Funded by Independent Broker-Dealers Faces Financial Collapse

Posted on December 6th, 2023 at 1:29 PM
Real Estate Firm Funded by Independent Broker-Dealers Faces Financial Collapse

In late September, iCap Enterprises Inc., a real estate investor and manager, filed for bankruptcy after raising $245 million from investors through independent broker-dealers.

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Attorneys Monitor Shareholder Stock Drop Lawsuits Amid IPO Setbacks

Posted on December 5th, 2023 at 2:18 PM
Attorneys Monitor Shareholder Stock Drop Lawsuits Amid IPO Setbacks

Lawyers anticipate a surge in shareholder lawsuits following a series of setbacks in the US IPO market.

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FINRA Suspends Former LPL Advisor for Signing on Partner's Behalf

Posted on December 4th, 2023 at 1:31 PM
FINRA Suspends Former LPL Advisor for Signing on Partner's Behalf

In a recent message underscoring the significance of ethical conduct, the Financial Industry Regulatory Authority (FINRA) has imposed a one-month suspension on a former LPL Financial advisor.

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SEC Investigation into JPMorgan's Advisory Account Aggregation

Posted on December 1st, 2023 at 11:58 AM
SEC Investigation into JPMorgan's Advisory Account Aggregation

The Securities and Exchange Commission (SEC) has launched two investigations that may affect the interests of advisors and clients of JPMorgan Chase & Co.

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LATEST NEWS AND ARTICLES

September 19, 2025
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September 17, 2025
FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.