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Tagged with "Eccleston Law"

CFP Board Reaches Milestone with 100,000 Certified Financial Planners

Posted on July 11th, 2024 at 3:27 PM
CFP Board Reaches Milestone with 100,000 Certified Financial Planners

The CFP Board recently announced a significant milestone, surpassing 100,000 Certified Financial Planners (CFPs).

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Wells Fargo Faces ERISA Lawsuit Over 401(k) Plan Asset Use

Posted on July 10th, 2024 at 11:51 AM
Wells Fargo Faces ERISA Lawsuit Over 401(k) Plan Asset Use

A new proposed class action has been filed in the US District Court in the Northern District of California, alleging that Wells Fargo and its associated committees violated the Employee Retirement Income Security Act (ERISA).

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SEC Charges Investment Firm with Defrauding Investors of $3 Million

Posted on July 8th, 2024 at 1:18 PM
SEC Charges Investment Firm with Defrauding Investors of $3 Million

The U.S. Securities and Exchange Commission (SEC) has charged Joshua Goltry and his firm, JAG Capital Advisors LLC, with defrauding investors of at least $3 million over three years.

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Top Morgan Stanley Advisor Fined and Suspended

Posted on July 5th, 2024 at 8:55 AM
Top Morgan Stanley Advisor Fined and Suspended

A prominent Morgan Stanley advisor has accepted a 45-day suspension and a $10,000 fine for unauthorized money transfers and using personal communication channels for business-related texts, according to a FINRA settlement letter known as an Acceptance, Waiver, and Consent (“AWC”).

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Nontraded REIT Sales Slump Amid Market Uncertainty

Posted on July 3rd, 2024 at 12:00 PM
Nontraded REIT Sales Slump Amid Market Uncertainty

InvestmentNews recently covered the sluggish start to nontraded real estate investment trust (REIT) sales in the current year, observing that the slump reflects the challenges facing commercial real estate investors, hinting at potential devaluation in certain REITs, especially net asset value (NAV) products.

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Brokerage Firm Settles FINRA Allegations for Texting Lapses and Due Diligence Deficiencies

Posted on July 2nd, 2024 at 9:16 AM
Brokerage Firm Settles FINRA Allegations for Texting Lapses and Due Diligence Deficiencies

A recent settlement between a Florida-based brokerage firm and the Financial Industry Regulatory Authority (FINRA) has drawn attention to the importance of retaining
business-related text messages and conducting due diligence on private placement offerings.

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Financial Advisor Awarded $376,000 in Partnership Dispute

Posted on July 1st, 2024 at 2:15 PM
Financial Advisor Awarded $376,000 in Partnership Dispute

Financial advisors often partner with other financial advisors, but how they document the arrangement is critically important.

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Federal Judge Restrains Raymond James from Soliciting Former TD Bank Clients

Posted on June 28th, 2024 at 11:04 AM
Federal Judge Restrains Raymond James from Soliciting Former TD Bank Clients

A federal judge has issued a restraining order against two Raymond James advisors, preventing them from contacting their former clients at TD Bank.

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Former Advisor Sentenced for Stealing Elderly Client's Life Savings

Posted on June 27th, 2024 at 1:32 PM
Former Advisor Sentenced for Stealing Elderly Client's Life Savings

Eddy Ray Blizzard, a former financial advisor, has been sentenced to 3.5 years in federal prison for stealing nearly $1 million from an elderly client.

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FINRA Panel Order Advisor to Pay $2.6 Million for Soliciting Former Clients

Posted on June 26th, 2024 at 3:14 PM
FINRA Panel Order Advisor to Pay $2.6 Million for Soliciting Former Clients

A FINRA arbitration panel ruled against advisor Nicole E. Sennett for allegedly attempting to solicit former clients after selling her practice to Monocacy Wealth Partners.

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TESTIMONIALS

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Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.

LATEST NEWS AND ARTICLES

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Former Alabama Financial Advisor Barred After Selling His Practice

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CFP Board Proposes New Rules for Handling Expunged Criminal Records

The CFP Board has announced that it is considering a proposal to change how it treats applicants with expunged criminal convictions, according to Wealth Management.

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Edward Jones Invests in Fintech Firm Focused on Preventing Elder Financial Fraud

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