Tagged with "Eccleston Law"

Former Wells Fargo Advisor Accepts Industry Bar Amidst Misuse of Client Funds Allegations

Posted on April 16th, 2024 at 2:03 PM
Former Wells Fargo Advisor Accepts Industry Bar Amidst Misuse of Client Funds Allegations

A former advisor with Wells Fargo Advisors Financial Network (FiNet) in Chicago, Jayson R. Pocius, has agreed to accept an industry bar rather than cooperate with a
Financial Industry Regulatory Authority (FINRA) investigation into allegations of misusing client funds.

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Commonwealth Financial Network Faces Potential Damages Amid SEC Lawsuit

Posted on April 15th, 2024 at 1:37 PM
Commonwealth Financial Network Faces Potential Damages Amid SEC Lawsuit

Commonwealth Financial Network is under fire, as it faces potential damages amounting to $111.5 million from a Securities and Exchange Commission (SEC) complaint filed nearly five years ago.

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FINRA Penalizes Ex-Raymond James Advisor for Document Alterations

Posted on April 12th, 2024 at 11:32 AM
FINRA Penalizes Ex-Raymond James Advisor for Document Alterations

A former Raymond James financial advisor faced a $5,000 fine and a four-month suspension from the Financial Industry Regulatory Authority (FINRA) for allegedly falsifying 25 documents, as per a settlement letter released recently.

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Cantor Fitzgerald LP Sues Former Bankers Over Alleged Client Poaching

Posted on April 11th, 2024 at 3:36 PM
Cantor Fitzgerald LP Sues Former Bankers Over Alleged Client Poaching

Cantor Fitzgerald LP has initiated legal action against PEI Global Partners Holdings LLC, a firm founded by a group of its former investment bankers, alleging the illicit solicitation and theft of valuable clients, potentially worth millions of dollars in profit.

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Stifel Financial Settles with FINRA Over Advisor Supervision Failures

Posted on April 10th, 2024 at 11:22 AM
Stifel Financial Settles with FINRA Over Advisor Supervision Failures

Stifel Financial has settled with FINRA, agreeing to a censure and a nearly $460,000 payment to resolve allegations of inadequate supervision of two advisors, as detailed in an Acceptance, Waiver, and Consent (“AWC”) finalized recently.

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FINRA Takes Action Against Advisor for Violating Regulation Best Interest

Posted on April 9th, 2024 at 3:46 PM
FINRA Takes Action Against Advisor for Violating Regulation Best Interest

The Financial Industry Regulatory Authority (FINRA) has sanctioned a former advisor at Network 1 Financial Securities for breaching Regulation Best Interest (Reg BI) through excessive trading in a client's account.

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FINRA Fines Morgan Stanley $1.6 Million for Municipal Securities Rule Violations

Posted on April 9th, 2024 at 8:57 AM

The Financial Industry Regulatory Authority (FINRA) has imposed a $1.6 million fine on Morgan Stanley for repeated violations of rules established by the Municipal Securities Rulemaking Board (MSRB) concerning the processing and settlement of municipal securities transactions.

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Former Edward Jones Advisor opts for Industry Bar Amid FINRA Investigation

Posted on April 5th, 2024 at 1:27 PM
Former Edward Jones Advisor opts for Industry Bar Amid FINRA Investigation

Reuben L. Brown, a former advisor at Edward D. Jones & Co. in Southlake, Dallas, has chosen an industry bar over cooperating with a Financial Industry Regulatory Authority (FINRA) investigation related to his termination from the firm, according to an Acceptance, Waiver and Consent (“AWC”).

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FINRA Issues Wells Notice to Advisor Austin Dutton

Posted on April 4th, 2024 at 1:14 PM
FINRA Issues Wells Notice to Advisor Austin Dutton

Austin Dutton, a seasoned Philadelphia-area advisor, received a Wells Notice from the Financial Industry Regulatory Authority Inc. (FINRA).

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Former Advisor Awarded $147,000 in Morgan Stanley Dispute Over Congressional Run

Posted on April 3rd, 2024 at 3:18 PM
Former Advisor Awarded $147,000 in Morgan Stanley Dispute Over Congressional Run

In a recent arbitration decision, FINRA ordered Morgan Stanley to pay $147,000 in damages to Deborah Adeimy, a former advisor from Florida.

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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

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.