Tagged with "Eccleston Law"

Record $61 Million Settlement Reached in GE's 401(k) Lawsuit

Posted on November 7th, 2023 at 1:25 PM
Record $61 Million Settlement Reached in GE's 401(k) Lawsuit

General Electric has reached a $61 million settlement in a protracted lawsuit concerning its 401(k) plan, marking one of the largest settlements in ERISA litigation history.

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Former Morgan Stanley Advisor Barred by SEC for Misappropriating Client Funds

Posted on November 6th, 2023 at 1:17 PM
Former Morgan Stanley Advisor Barred by SEC for Misappropriating Client Funds

The Securities and Exchange Commission (SEC) issued an order barring Ronald E. Filoramo, a former Morgan Stanley advisor.

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Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

Posted on November 3rd, 2023 at 1:15 PM
Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

An advisor who faced FINRA disciplinary action attempted to stop the proceedings in a D.C. federal court.

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Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

Posted on November 2nd, 2023 at 11:29 AM
Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

Morgan Stanley Wealth Management has informed its approximately 15,000 advisors that, to maintain their current payout in the upcoming year, many will need to increase their revenue, according to a recent article in AdvisorHub.

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Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

Posted on November 1st, 2023 at 1:17 PM
Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former Morgan Stanley advisor in Raleigh, North Carolina.

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Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

Posted on October 31st, 2023 at 2:16 PM
Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

Jonathan Vincent Glenn, the CEO of Glenn Capital in Greenwich, Connecticut, pleaded guilty to federal securities fraud charges, facing a potential 25-year prison sentence.

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SEC Examination Priorities in 2024

Posted on October 30th, 2023 at 2:14 PM
SEC Examination Priorities in 2024

The Securities and Exchange Commission (SEC) has issued its 2024 examination priorities to inform investors and registrants about the focal areas, key risks, and examination topics the division intends to emphasize in the coming year.

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Former Steward Advisors Sue Firm as They Depart for LPL

Posted on October 27th, 2023 at 2:29 PM
Former Steward Advisors Sue Firm as They Depart for LPL

Experienced brokers have witnessed a significant increase in recruiting offers in recent years. However, a lawsuit filed against Steward Partners Global Advisory last week illustrates the consequences that can arise when these deals, particularly those involving equity, take a negative turn.

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SEC Imposes Fines on Baird and Interactive Brokers in Ongoing Texting Probe

Posted on October 26th, 2023 at 11:49 AM
SEC Imposes Fines on Baird and Interactive Brokers in Ongoing Texting Probe

Several Wall Street firms, including prominent brokerages like Interactive Brokers Group Inc. and Robert W. Baird & Co. Inc., have collectively agreed to pay tens of
millions of dollars in penalties to U.S. regulators due to their employees' use of unmonitored communication channels during work.

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Fidelity Hit with $1.65 Million Fine Over Options Trading Standards

Posted on October 25th, 2023 at 11:34 AM
Fidelity Hit with $1.65 Million Fine Over Options Trading Standards

Massachusetts Secretary of the Commonwealth, William F. Galvin, has imposed a $750,000 fine on Fidelity Brokerage Services for their alleged past practice of hasty approval of clients' applications to trade options.

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TESTIMONIALS

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As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.

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.