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Tagged with "Eccleston Law"

SEC Report Highlights Concerns Over Mandatory Arbitration Clauses In RIA Practices

Posted on June 30th, 2023 at 1:05 PM
SEC Report Highlights Concerns Over Mandatory Arbitration Clauses In RIA Practices

A recent report from the Securities and Exchange Commission (SEC) to Congress has expressed concerns regarding using mandatory arbitration clauses in retail customer agreements by registered investment advisory (RIA) firms. 

 

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Investment Adviser Numbers Reach Unprecedented Heights

Posted on June 29th, 2023 at 1:22 PM
Investment Adviser Numbers Reach Unprecedented Heights

According to the Investment Adviser Association's (IAA) recent industry study, the number of investment advisers reached a record high in 2022, along with an increase in total employment in the sector.

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Fidelity Study Finds Rise in RIA Valuations Reaches Plateau

Posted on June 28th, 2023 at 3:43 PM
Fidelity Study Finds Rise in RIA Valuations Reaches Plateau

According to a recent study conducted by Fidelity Investments, the financial industry expects a continued rise in registered investment advisor (RIA) dealmaking over the next five years, despite the increasing cost of acquiring RIA firms.

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Epicenters of Investment Fraud Revealed in New Study

Posted on June 27th, 2023 at 1:15 PM
Epicenters of Investment Fraud Revealed in New Study

2022 witnessed a staggering surge in investment fraud, surpassing all other types of fraud in terms of monetary losses among Americans.

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Attorneys Believe James Gorman's "New Blood" Remarks Could Strengthen Ageism Lawsuits

Posted on June 26th, 2023 at 11:02 AM
Attorneys Believe James Gorman's

James Gorman, CEO of Morgan Stanley, has faced criticism for his recent comments regarding the company's termination of around 3,500 employees since April.

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Welcome Attorney Anthony Bingham

Posted on June 26th, 2023 at 9:47 AM
Welcome Attorney Anthony Bingham

Eccleston Law, LLC is pleased to announce the addition of Attorney Anthony Bingham, expanding the firm’s practice representing financial advisors and investors to Arizona.

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The Growing Compliance Risks of Neglecting Life Settlement Discussions

Posted on June 23rd, 2023 at 1:58 PM
The Growing Compliance Risks of Neglecting Life Settlement Discussions

According to a recent article in Wealth Solutions Report, broker-dealers should consider enhanced oversight pertaining to suitability, recommendations, and the use of funds obtained from life settlement transactions.

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Surge in Elderly-Targeted Cryptocurrency Scams

Posted on June 22nd, 2023 at 11:26 AM
Surge in Elderly-Targeted Cryptocurrency Scams

According to U.S. Department of Justice research, over 3,000 senior citizens were victims of investment cryptocurrency scams. 

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SEC Files Charges Against Florida Resident Cedric Griffin for $5.9 Million Ponzi Scheme Targeting African American Community

Posted on June 21st, 2023 at 1:36 PM
SEC Files Charges Against Florida Resident Cedric Griffin for $5.9 Million Ponzi Scheme Targeting African American Community

Cedric Dewayne Griffin has been charged by the Securities and Exchange Commission (SEC) for running a Ponzi scheme targeting the African American community in Jacksonville, Florida, and in other regions.

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FINRA Bars LPL Advisor for Non-Cooperation in Overdraft Investigation

Posted on June 20th, 2023 at 1:19 PM
FINRA Bars LPL Advisor for Non-Cooperation in Overdraft Investigation

The Financial Industry Regulatory Authority (FINRA) has banned a former advisor from LPL Financial due to his refusal to cooperate with an investigation.

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LATEST NEWS AND ARTICLES

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SEC Approves FINRA Overhaul of Outside Business Activity Rules

The Securities and Exchange Commission (SEC) has approved FINRA's long-awaited overhaul of the rules governing outside business activities and private securities transactions by financial advisors.

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Texas Investment Adviser Sentenced to 11 Years for $35 Million Ponzi Scheme

A federal judge has sentenced Siddharth Jawahar, who operated Texas-based investment adviser Swiftarc Capital, to 11 years in prison for running a $35 million Ponzi scheme.

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Red Flags to Watch for in Pre-IPO Investment Scams

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