Tagged with "Eccleston Law"

FINRA Orders Morgan Stanley to Pay $697,897 Over Failure to Supervise Nine Advisors

Posted on December 8th, 2022 at 2:48 PM
FINRA Orders Morgan Stanley to Pay $697,897 Over Failure to Supervise Nine Advisors

The Financial Industry Regulatory Authority (FINRA) has ordered Morgan Stanley to pay $697,897, including a $200,000 fine and $497,897 in restitution, for failing to adhere to its own procedures for supervising its advisors’ high-risk recommendations. 

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FINRA Bars Former Northwestern Mutual Advisor For Allegedly Cheating on CFP Exam

Posted on December 7th, 2022 at 1:52 PM
FINRA Bars Former Northwestern Mutual Advisor For Allegedly Cheating on CFP Exam

The Financial Industry Regulatory Authority (FINRA) has barred a former Northwestern Mutual advisor after he failed to cooperate with the regulator’s probe into the Certified Financial Planner Board of Standards’ (CFP Board’s) decision to bar the advisor for alleged “exam misconduct.” 

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FINRA Suspends Former Morgan Stanley Advisor Over Unauthorized Trades

Posted on December 6th, 2022 at 2:10 PM
FINRA Suspends Former Morgan Stanley Advisor Over Unauthorized Trades

The Financial Industry Regulatory Authority (FINRA) has issued a 20-day suspension and a $6,000 fine to a former Morgan Stanley advisor for allegedly completing several unauthorized trades. 

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Prager Metis Becomes First CPA Firm Involved With FTX Scam

Posted on December 5th, 2022 at 1:05 PM
Prager Metis Becomes First CPA Firm Involved With FTX Scam

Prager Metis becomes the first CPA firm to open a Metaverse headquarters in the metaverse platform Decentraland. 

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Former J.P. Morgan Advisor Agrees to FINRA Bar

Posted on December 2nd, 2022 at 1:19 PM
Former J.P. Morgan Advisor Agrees to FINRA Bar

A former J.P. Morgan advisor has agreed to an industry bar instead of cooperating with the Financial Industry Regulatory Authority’s (FINRA’s) investigation into several allegations of excessive and unauthorized trading that generated nearly $100 million worth of client complaints.

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BlockFi Files for Bankruptcy as FTX and Star Endorsers Named in Lawsuit

Posted on December 1st, 2022 at 3:13 PM
BlockFi Files for Bankruptcy as FTX and Star Endorsers Named in Lawsuit

BlockFi had paused client withdrawals due to uncertainties with FTX, as the two are closely tied together.

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FINRA Amends and Delays Expungement Rule Proposal

Posted on November 22nd, 2022 at 1:51 PM
FINRA Amends and Delays Expungement Rule Proposal

The Financial Industry Regulatory Authority (FINRA) once again has amended and delayed a proposed rule change designed to tighten the process for advisors to expunge client complaints from their records. 

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FINRA Fines Wedbush Securities $850,000 For Allegedly Falsifying Client Statements

Posted on November 21st, 2022 at 2:12 PM
FINRA Fines Wedbush Securities $850,000 For Allegedly Falsifying Client Statements

The Financial Industry Regulatory Authority (FINRA) has fined Wedbush Securities $850,000 to settle allegations that the firm falsified monthly client statements for five years.

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UBS Seeks Injunction Against $8 Million Indiana RBC Team

Posted on November 18th, 2022 at 1:14 PM
UBS Seeks Injunction Against $8 Million Indiana RBC Team

UBS Wealth Management has asked a federal court to issue a temporary restraining order (TRO) against an $8 million team that departed to RBC Wealth Management in Indianapolis, Indiana. 

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CFP Board Suspends Oklahoma Planner Gregory Womack

Posted on November 17th, 2022 at 1:20 PM
CFP Board Suspends Oklahoma Planner Gregory Womack

The Certified Financial Planner Board of Standards (CFP Board) has issued an interim suspension to Gregory Womack, who operates Womack Investment Advisors in Edmond, Oklahoma.

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If you find yourself in trouble with the regulators, call Eccleston Law, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

December 2, 2025
Crypto's Leverage Shakeout Exposes Structural Risks

The crypto market’s recent downturn erased nearly $20 billion in leveraged positions within hours and half a trillion dollars in market value over a single weekend.

December 1, 2025
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UBS Group AG has begun liquidating two invoice finance funds with direct exposure to First Brands Group, marking one of the earliest moves by a major financial institution to contain the fallout from the bankrupt auto-parts supplier’s collapse, as reported by Bloomberg Law.

November 26, 2025
Former GWG Chair Charged in Alleged $150 Million Fraud Scheme as Investor Losses Mount

Federal prosecutors have intensified scrutiny of the long-running collapse of GWG Holdings Inc., unveiling criminal charges against Bradley Heppner, the former chair of both GWG and Beneficient.