Tagged with "Eccleston Law"

SEC Alerts Financial Advisory Firms to Their Failure to Protect Clients From Identity Theft

Posted on December 20th, 2022 at 1:15 PM
SEC Alerts Financial Advisory Firms to Their Failure to Protect Clients From Identity Theft

Financial advisory firms are failing to design and maintain effective policies and procedures to restrict hackers from stealing clients’ personal and confidential information, according to a risk alert published by the Securities and Exchange Commission (SEC).

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Former LPL Advisor Arrested On Theft Charges

Posted on December 19th, 2022 at 2:14 PM
Former LPL Advisor Arrested On Theft Charges

Bradley Goodbred, a former LPL advisor who was recently charged with theft by the Securities and Exchange Commission (SEC), was arrested by suburban Chicago police last week. 

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Former GWG CEO Resigns From Board

Posted on December 16th, 2022 at 1:27 PM
Former GWG CEO Resigns From Board

GWG Holdings announced its bankruptcy earlier this year, which has resulted in the resignations of multiple members of its board of directors. 

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FINRA Issues $1.3 Million Penalty To Advisor Group Over Private Placement Sales

Posted on December 15th, 2022 at 3:32 PM
FINRA Issues $1.3 Million Penalty To Advisor Group Over Private Placement Sales

The Financial Industry Regulatory Authority (FINRA) has issued a $1.3 million fine to the four Advisor Group firms, FSC Securities, Royal Alliance Associates, SagePoint Financial, and Woodbury Financial Services, for selling private placements issued by GPB Capital Holdings.

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Sam Bankman-Fried Charged by SEC With Fraud Over FTX Collapse

Posted on December 14th, 2022 at 3:21 PM
Sam Bankman-Fried Charged by SEC With Fraud Over FTX Collapse

The Securities and Exchange Commission (SEC) has charged FTX founder Sam Bankman-Fried with eight criminal counts, including conspiracy and wire fraud, for allegedly misappropriating billions of dollars in customer funds. 

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Morgan Stanley Ordered to Pay $11.7 Million Over Unauthorized Covered Call Strategy

Posted on December 13th, 2022 at 3:16 PM
Morgan Stanley Ordered to Pay $11.7 Million Over Unauthorized Covered Call Strategy

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Morgan Stanley to pay a former client $11.7 million over an allegedly unauthorized call options strategy.

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Hartman vREIT XXXI Releases “Going Concern” Warning

Posted on December 12th, 2022 at 2:51 PM
Hartman vREIT XXXI Releases “Going Concern” Warning

Hartman vREIT XXXI, a non-traded real estate investment trust, has announced its management’s “substantial doubt about the company’s ability to continue as a going concern”, according to its most recent quarterly report filed with the Securities and Exchange Commission (SEC). 

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FINRA Reminds Firm To Monitor For “Red Flags” In Options Trading Applications

Posted on December 9th, 2022 at 12:16 PM
FINRA Reminds Firm To Monitor For “Red Flags” In Options Trading Applications

The Financial Industry Regulatory Authority (FINRA) has released an announcement reminding firms that recommend options trading for clients to be constantly monitoring for “red flags” on customer applications.

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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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LATEST NEWS AND ARTICLES

March 10, 2026
Northern Trust Faces $35 Million Elder Abuse Lawsuit Over Alleged Trust Theft

Northern Trust faces a lawsuit seeking at least $35 million in damages over allegations that its former vice president stole millions from a $20 million legacy trust belonging to an elderly beneficiary, according to ThinkAdvisor.

March 9, 2026
SEC Alerts Investors as to the Relationship Investment Scam

The Securities and Exchange Commission (SEC) has alerted investors that fraudsters increasingly rely on relationship-based investment schemes to steal money.

March 4, 2026
Modern Fraud Schemes Escalate in Scale and Sophistication

A recent panel discussion at the Financial Services Institute OneVoice conference in San Diego highlighted how rapidly evolving fraud schemes continue to victimize both retail and wealthy investors.