Tagged with "Eccleston Law"

SEC Chair Gensler Addresses AI Challenges and Conflict-of-Interest Proposals

Posted on March 8th, 2024 at 10:37 AM
SEC Chair Gensler Addresses AI Challenges and Conflict-of-Interest Proposals

SEC Chair Gary Gensler highlighted the dual nature of artificial intelligence (AI), acknowledging its vast opportunities for humanity while also underscoring its regulatory challenges, particularly concerning conflicts of interest in investing.

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FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

Posted on March 7th, 2024 at 1:26 PM
FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

A former Edward Jones advisor, Alexandra P. Bovee (also known as Alexandria Montgomery), has accepted an industry bar rather than cooperate with the Financial
Industry Regulatory Authority's (FINRA) investigation into her alleged involvement with a cannabis growing company labeled a Ponzi scheme.

 

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CFP Board Survey Reveals Lucrative Compensation for Certified Financial Planners

Posted on March 6th, 2024 at 1:46 PM
CFP Board Survey Reveals Lucrative Compensation for Certified Financial Planners

According to the inaugural compensation survey conducted by the Certified Financial Planner (CFP) Board, financial planners enjoy substantial earnings when they are
Certified Financial Planners (CFPs).

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Mariner Wealth Advisors Face Legal Heat as Competitors Allege Aggressive Recruiting Tactics

Posted on March 5th, 2024 at 11:24 AM
Mariner Wealth Advisors Face Legal Heat as Competitors Allege Aggressive Recruiting Tactics

Mariner Wealth Advisors has recently become the target of multiple lawsuits from competitors, including Edelman Financial Engines, Avantax, and RWA Wealth Partners.

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New York Attorney General Sues Citibank

Posted on March 4th, 2024 at 2:48 PM
New York Attorney General Sues Citibank

New York Attorney General Letitia James has shifted away from her filing a politically motivated action to now file a lawsuit against Citibank, accusing the bank of
inadequately safeguarding customers from online banking scams and refusing to reimburse victims.

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LPL Financial Agrees to $6 Million Settlement with FINRA Over Regulation Best Interest Lapses

Posted on March 1st, 2024 at 11:34 AM
LPL Financial Agrees to $6 Million Settlement with FINRA Over Regulation Best Interest Lapses

LPL Financial has agreed to pay over $6 million to settle charges by FINRA, alleging violations of Regulation Best Interest in recommending trades involving certain listed business development companies.

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Former Wells Fargo Advisor Suspended by FINRA for Unreported Brokerage Account

Posted on February 28th, 2024 at 4:11 PM
Former Wells Fargo Advisor Suspended by FINRA for Unreported Brokerage Account

A former Wells Fargo advisor, Robert J. DeHayes, faced fines and suspension from the Financial Industry Regulatory Authority (FINRA) for maintaining an undisclosed outside brokerage account in his wife's name.

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Attorney Eccleston Quoted in Financial Advisor IQ Article

Posted on February 28th, 2024 at 3:15 PM
Attorney Eccleston Quoted in Financial Advisor IQ Article

Jim Eccleston was recently quoted in a Financial Advisor IQ article concerning an ex-Hightower advisor suing to escape covenants.

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Edward Jones Advisor Faces Suspension and Fine for Concealing Office Ownership

Posted on February 27th, 2024 at 1:13 PM
Edward Jones Advisor Faces Suspension and Fine for Concealing Office Ownership

Lincoln L. Mason has agreed to a 90-day suspension and a $5,000 fine following allegations of deceiving the firm into leasing office space he owned.

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SEC Bars Florida Man in $35 Million Ponzi Scheme

Posted on February 26th, 2024 at 1:39 PM
SEC Bars Florida Man in $35 Million Ponzi Scheme

Brent Seaman of Naples, Florida, has accepted a settlement in an SEC civil action, admitting to acting as an unregistered broker or dealer in the sale of securities for Accanito Equity, LLC, Accanito Equity II, LLC, Accanito Equity III, LLC, and Accanito Equity IV, LLC, from June 2019 to September 2022.

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LATEST NEWS AND ARTICLES

February 6, 2026
Delaware Regulators Fine Kovack Advisors $985,000

Kovack Advisors Inc., the registered investment adviser affiliate of independent broker-dealer Kovack Securities Inc., agreed to pay a $985,000 fine to Delaware securities regulators.

February 5, 2026
FINRA Fines Broker-Dealer for Repeated Form CRS Disclosure Failures

The Financial Industry Regulatory Authority (FINRA) fined VSI Securities Inc., formerly known as Venecredit Securities Inc., $20,000 for failing to accurately disclose the firm’s disciplinary history in its customer relationship summary, known as Form CRS.

February 4, 2026
Investor Redemptions Rise in Nontraded BDCs Amid Credit Concerns

Financial advisors and their clients have increased redemptions from nontraded business development companies (BDCs) following a series of high-profile corporate bankruptcies, according to InvestmentNews. The surge highlights growing investor concern about liquidity and credit exposure within these high-yield but often risky investment ...