Tagged with "Eccleston Law"

SEC Announces Expanded Scope of Marketing Rule Compliance Exams for Investment Advisers

Posted on June 13th, 2023 at 2:08 PM
SEC Announces Expanded Scope of Marketing Rule Compliance Exams for Investment Advisers

The Securities and Exchange Commission (SEC) recently released a risk alert announcing that examiners now will broaden their focus when reviewing firms' compliance with a marketing rule that took effect in November.

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Morgan Stanley Wealth Management Initiates Management Restructuring in Southern New Jersey and New York City

Posted on June 12th, 2023 at 1:14 PM
Morgan Stanley Wealth Management Initiates Management Restructuring in Southern New Jersey and New York City

In an internal announcement this week, Morgan Stanley unveiled what it portrays as a strategic reorganization in Southern New Jersey and New York City, with the net result being that Christopher W. Shaw, a Morgan Stanley veteran, and manager in Southern
New Jersey, will step down.

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Retrospective Review Deadline Approaching

Posted on June 9th, 2023 at 2:11 PM
Retrospective Review Deadline Approaching

The deadline for completing the initial retrospective review required by the Department of Labor (DOL) is quickly approaching.

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Former David Lerner Branch Manager Receives FINRA Sanctions for Supervisory Lapses

Posted on June 8th, 2023 at 10:54 AM
Former David Lerner Branch Manager Receives FINRA Sanctions for Supervisory Lapses

The Financial Industry Regulatory Authority (FINRA) imposed a one-month suspension and a $5,000 fine on former David Lerner Associates branch manager Rande Aaronson.

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SEC Files Fraud Charges Against Financial Advisor for Exploiting Elderly Clients

Posted on June 7th, 2023 at 1:17 PM
SEC Files Fraud Charges Against Financial Advisor for Exploiting Elderly Clients

The Securities and Exchange Commission (SEC) has charged Douglas McKelvey, a former Morgan Stanley financial advisor, with fraud for misappropriating more than $1.7 million from two elderly customers who were his close relatives.

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Morgan Stanley Ordered to Pay Huntington Bank's Brokerage Unit

Posted on June 5th, 2023 at 9:07 AM
Morgan Stanley Ordered to Pay Huntington Bank's Brokerage Unit

Morgan Stanley, along with two advisors, has been found jointly responsible for $333,000 in damages and legal fees by an arbitration panel of the Financial Industry Regulatory Authority (FINRA).

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Former Morgan Stanley Advisor Sentenced To 7.25 Years For Fraud

Posted on June 2nd, 2023 at 1:26 PM
Former Morgan Stanley Advisor Sentenced To 7.25 Years For Fraud

Shawn E. Good pleaded guilty in September to wire fraud and money laundering charges based on allegations that he had operated a decade-long Ponzi scheme from 2012 to 2022. 

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Morgan Stanley Ordered to Pay Huntington Bank's Brokerage Unit

Posted on June 1st, 2023 at 1:15 PM
Morgan Stanley Ordered to Pay Huntington Bank's Brokerage Unit

Morgan Stanley, along with two advisors, has been found jointly responsible for $333,000 in damages and legal fees by an arbitration panel of the Financial Industry Regulatory Authority (FINRA).

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MLB Pitcher Turned Financial Advisor Barred By FINRA

Posted on May 31st, 2023 at 3:30 PM
MLB Pitcher Turned Financial Advisor Barred By FINRA

Christopher J. Carpenter, a former Major League Baseball player, has been barred by the Financial Industry Regulatory Authority (FINRA) for his refusal to supply information to FINRA as part of an investigation.

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Compliance Professionals Emphasize the Significance of SEC Reg BI Bulletins in Examinations

Posted on May 30th, 2023 at 3:03 PM
Compliance Professionals Emphasize the Significance of SEC Reg BI Bulletins in Examinations

Securities and Exchange Commission (SEC) top compliance officials recently announced that the Regulation Best Interest (Reg BI) bulletins will be used in future exams.

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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

September 19, 2025
Financial Advisors Split on AI Adoption

Artificial Intelligence (AI) continues to dominate headlines, promising sweeping efficiencies in nearly every industry. Financial Planning reports that financial advisors remain divided on its role and value.

September 18, 2025
Easterly ROCMuni Fund Collapse Triggers Investor Lawsuits

The Easterly ROCMuni High Income Municipal Bond Fund (tickers RMHIX, RMHVX, RMJAX) suffered a significant collapse in mid-2025, wiping out hundreds of millions in value and leaving many investors with steep losses.

September 17, 2025
FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.