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Tagged with "Eccleston Law"

Former Morgan Stanley Advisor Fined and Suspended for Unauthorized Trading

Posted on August 14th, 2024 at 11:25 AM
Former Morgan Stanley Advisor Fined and Suspended for Unauthorized Trading

FINRA has fined a former Morgan Stanley advisor, Craig Sherman Thistlethwaite, $10,000 and suspended him for 60 days for unauthorized trading and other violations.

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DOJ Launches Pilot Whistleblower Program Offering Financial Incentives for Reporting Corporate Misconduct

Posted on August 13th, 2024 at 11:34 AM
DOJ Launches Pilot Whistleblower Program Offering Financial Incentives for Reporting Corporate Misconduct

The Department of Justice (DOJ) has introduced a new pilot program offering financial rewards to whistleblowers who provide original information related to financial crimes, bribery, or healthcare fraud.

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FINRA Fines Former LPL Rep Misappropriating Customer Data

Posted on August 12th, 2024 at 10:58 AM
FINRA Fines Former LPL Rep Misappropriating Customer Data

The Financial Industry Regulatory Authority (FINRA) has fined former LPL Financial representative Nathaniel Adams $5,000 and suspended him for two months. According to ThinkAdvisor, FINRA's order reveals that Adams allegedly misappropriated the personal information of 2,300 customers.

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Ex-Morgan Stanley Advisor Accepts Industry Bar for Failing to Cooperate with FINRA Investigation

Posted on August 9th, 2024 at 10:48 AM
Ex-Morgan Stanley Advisor Accepts Industry Bar for Failing to Cooperate with FINRA Investigation

A former Morgan Stanley advisor, John Scott McCoy Jr., has accepted an industry bar instead of cooperating with a regulatory investigation into his departure from the firm, as detailed in a disciplinary settlement known as an Acceptance, Waiver, and Consent (“AWC”).

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SEC Warns of Increasing Investment Fraud Threats

Posted on August 8th, 2024 at 11:15 AM
SEC Warns of Increasing Investment Fraud Threats

The SEC’s Office of the Investor Advocate recently submitted its objectives report for fiscal year 2025 to Congress, highlighting the growing threat of investment fraud.

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B. Riley Financial Faces New Challenges with Struggling Texas Retailer

Posted on August 7th, 2024 at 9:57 AM
B. Riley Financial Faces New Challenges with Struggling Texas Retailer

B. Riley Financial Inc., a boutique investment bank, faces fresh turmoil due to its involvement with Conn’s Inc., a Texas-based home-furnishings chain on the brink of bankruptcy.

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Two Raymond James Advisors Barred for Failing to Cooperate in FINRA Investigations

Posted on August 6th, 2024 at 1:50 PM
Two Raymond James Advisors Barred for Failing to Cooperate in FINRA Investigations

FINRA has barred two Raymond James Financial Services Inc. advisors, Bryan Noonan and Thomas Reyes, from the securities industry due to their failure to cooperate in ongoing investigations.

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LPL Financial Faces Lawsuit Over Low Interest Rates in Cash Sweep Programs

Posted on August 5th, 2024 at 9:46 AM
LPL Financial Faces Lawsuit Over Low Interest Rates in Cash Sweep Programs

LPL Financial is the latest target of a lawsuit concerning the interest rates it offers on uninvested cash held in customer accounts.

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SEC's Private Fund Advisers Rules

Posted on August 2nd, 2024 at 10:07 AM
SEC's Private Fund Advisers Rules

The Securities and Exchange Commission (SEC) is tightening the regulatory framework for Registered Investment Advisers (RIAs) with the implementation of the Private Fund Advisers Rules, set to fully take effect by early 2025.

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SEC Charges Silvergate Capital and Executives with Misleading Investors

Posted on August 1st, 2024 at 11:59 AM
SEC Charges Silvergate Capital and Executives with Misleading Investors

The Securities and Exchange Commission (SEC) has filed a complaint against Silvergate Capital Corporation and three former executives, alleging they misled investors about the strength of Silvergate Bank’s Bank Secrecy Act/Anti-Money Laundering compliance program and the monitoring of crypto customers, including the collapsed FTX.

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LATEST NEWS AND ARTICLES

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October 21, 2026
FINRA Fines and Suspends Former LPL Broker Over Undisclosed Customer Settlement

The Financial Industry Regulatory Authority (FINRA) fined former LPL Financial broker Gregory W.

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October 20, 2026
FINRA Orders American Portfolios to Pay $1.6 Million Over Unit Investment Trust Supervision Failures

The Financial Industry Regulatory Authority (FINRA) has ordered American Portfolios, the broker-dealer later absorbed into Osaic, to pay more than $1.6 million in restitution and fines over failures to supervise financial advisors who repeatedly recommended that customers sell unit investment trusts (UITs) before maturity.

1792432258 Law
October 19, 2026
FINRA Bars Former LPL Broker Over Alleged $1.7 Million Customer Theft

The Financial Industry Regulatory Authority (FINRA) has barred former LPL Financial broker Rudy Anguiano after finding that he converted more than $1.7 million from two customers, according to AdvisorHub.