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Tagged with "Eccleston Law"

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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FINRA Charges Multiple Firms for Communication Failures

Posted on April 2nd, 2024 at 10:04 AM
FINRA Charges Multiple Firms for Communication Failures

FINRA has penalized several broker-dealers and investment advisors for widespread and longstanding failures to maintain and preserve electronic communications, including WhatsApp messages and texts.

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FINRA Charges Advisor for Illicit Commissions Linked to Unregistered Advisor

Posted on April 1st, 2024 at 9:53 AM
FINRA Charges Advisor for Illicit Commissions Linked to Unregistered Advisor

The Financial Industry Regulatory Authority Inc. (FINRA) has taken action against a California broker, Daniel Beech, allegedly for funneling $900,000 in commissions to an unregistered financial advisor.

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FINRA Sanctions Advisor for Unapproved Fundraising Activities Following Approved OBA

Posted on March 28th, 2024 at 1:07 PM
FINRA Sanctions Advisor for Unapproved Fundraising Activities Following Approved OBA

The Financial Industry Regulatory Authority (FINRA) has levied a $15,000 fine and a 21-month suspension against a former advisor, Jeffrey W. Davidson, based in Austin, Texas. Davidson engaged in fundraising activities that raised over $10 million for a fitness company owned by him and his wife.

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FINRA Sanctions Advisor for Signature Falsifications

Posted on March 27th, 2024 at 2:10 PM
FINRA Sanctions Advisor for Signature Falsifications

A 46-year industry veteran from Braintree, Massachusetts, Timothy W. Leveroni, has settled a disciplinary matter by the Financial Industry Regulatory Authority (FINRA) for falsifying signatures, per a settlement agreement known as an Acceptance Waiver and Consent (“AWC”).

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SEC Accuses Former Morgan Stanley Advisor of Defrauding Clients

Posted on March 26th, 2024 at 4:32 PM
SEC Accuses Former Morgan Stanley Advisor of Defrauding Clients

The Securities and Exchange Commission (SEC) has filed fraud charges against Jesus Rodriguez, accusing him of misappropriating nearly $3.5 million from at least 10 brokerage account holders and advisory clients.

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Attorney Eccleston Receives Martindale-Hubbell 2024 Judicial Edition Recognition

Posted on March 25th, 2024 at 3:56 PM
Attorney Eccleston Receives Martindale-Hubbell 2024 Judicial Edition Recognition

Attorney James Eccleston recently received the highest possible Martindale-Hubbell AV rating in their 2024 Judicial Edition. 

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J.P. Morgan Securities Settles $18 Million SEC Case Over Whistleblower Violations

Posted on March 25th, 2024 at 3:31 PM
J.P. Morgan Securities Settles $18 Million SEC Case Over Whistleblower Violations

J.P. Morgan Securities faced a significant penalty as it settled charges brought by the Securities and Exchange Commission (SEC) regarding actions that hindered clients from reporting potential securities law violations.

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Chicago FINRA Arbitrators Award Ten Former Financial Advisors Over $3 Million For Forfeited Deferred Compensation Damages, Interest and Attorneys’ Fees

Posted on March 25th, 2024 at 9:17 AM
Chicago FINRA Arbitrators Award Ten Former Financial Advisors Over $3 Million For Forfeited Deferred Compensation Damages, Interest and Attorneys’ Fees

Ten former Morgan Stanley financial advisors have been awarded over $3 million related to the firm’s wrongful forfeiture of the advisors’ deferred compensation.

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LATEST NEWS AND ARTICLES

1776963542 Law
April 23, 2026
Advisor Recruiting Surges in 2025 as Industry Movement Reaches New Highs

Advisor movement across the wealth management industry accelerated sharply in 2025, with 11,172 experienced financial advisors changing firms, according to reporting by Wealth Management citing the latest Advisor Transition Report from Diamond Consultants.

1776796402 Law
April 21, 2026
DOL Proposal on Alternative Assets in 401(k)s Faces Cautious Reception

The U.S.

1776708210 Law
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.