Tagged with "Eccleston Law"

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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FINRA Reveals Baird's $500K Shortfall in Mutual Fund Rebates to Clients

Posted on November 30th, 2023 at 1:36 PM
FINRA Reveals Baird's $500K Shortfall in Mutual Fund Rebates to Clients

Robert W. Baird & Co. has reached a settlement with the Financial Industry Regulatory Authority (FINRA) wherein they accepted a censure and committed to reimbursing more than $500,000 to clients who were overcharged for their mutual fund investments.

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Arbitration Mandated for Former Morgan Stanley Advisors' Class Claim on Deferred Compensation

Posted on November 28th, 2023 at 1:10 PM
Arbitration Mandated for Former Morgan Stanley Advisors' Class Claim on Deferred Compensation

A federal judge in Manhattan has granted Morgan Stanley’s request to transfer a potential class action lawsuit to arbitration.

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Wells Fargo Under SEC Scrutiny for Cash Sweep Programs

Posted on November 28th, 2023 at 9:47 AM
Wells Fargo Under SEC Scrutiny for Cash Sweep Programs

The Securities and Exchange Commission (SEC) is investigating Wells Fargo & Company over cash sweep options provided to investment advisory clients.

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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

February 9, 2026
FINRA Orders Osaic Unit to Pay Over $5 Million for Misleading Bank Deposit Program Disclosures

The Financial Regulatory Authority (FINRA) ordered independent broker-dealer Osaic and its acquired firm, American Portfolios Financial Services, to pay more than $5 million after finding that American Portfolios misled customers about how it calculated fees in its bank deposit program.

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.