Tagged with "Eccleston Law"

FINRA Settles With Two Advisory Firms Over Improper Sales Of GPB Private Placements

Posted on March 29th, 2022 at 12:00 PM
FINRA Settles With Two Advisory Firms Over Improper Sales Of GPB Private Placements

The Financial Industry Regulatory Authority (FINRA) has agreed to settlements with two advisory firms over improper sales of GPB Capital Holdings private placements to investors.

 
 

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FINRA’s Top Five Fine Categories for 2021

Posted on March 28th, 2022 at 3:28 PM
FINRA’s Top Five Fine Categories for 2021

The Financial Industry Regulatory Authority (FINRA) issued $91 million in fines in 2021, which constitutes a 60% increase from $57 million in 2020, according to ThinkAdvisor. The 2021 fine total is the highest since 2016 when FINRA imposed $174 million in fines. However, much of FINRA’s 2021 total constitutes Robinhood’s payment of $57 million in fines and $12.6 million in restitution relating to supervisory failures and investor harm.

 

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FINRA Bars Former UBS Advisor For Failing To Cooperate In Investigation

Posted on March 28th, 2022 at 8:45 AM
FINRA Bars Former UBS Advisor For Failing To Cooperate In Investigation

The Financial Industry Regulatory Authority (FINRA) has barred a former Minnesota-based UBS advisor after he failed to cooperate with FINRA’s probe into allegations that he recommended that a client invest in “risky” outside businesses, according to the settlement letter.

 
 

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FINRA Announces New Rule To Expedite Arbitration Cases For Those Who Are Ill Or Over 75

Posted on March 24th, 2022 at 1:13 PM
FINRA Announces New Rule To Expedite Arbitration Cases For Those Who Are Ill Or Over 75

The Financial Industry Regulatory Authority (FINRA) intends to amend its rules to permit expedited arbitration cases for parties who are 75 or older or are seriously ill.

 
 

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FINRA Board Approves New Remote-Inspection Rules

Posted on March 22nd, 2022 at 11:20 AM
FINRA Board Approves New Remote-Inspection Rules

The Financial Industry Regulatory Authority (FINRA) has approved new regulatory rules that could permit financial advisory firms to continue conducting remote inspections in the future.

 
 

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Robinhood Settles With Vermont Regulators Over Outages

Posted on March 21st, 2022 at 1:22 PM
Robinhood Settles With Vermont Regulators Over Outages

Robinhood Markets Inc. has agreed to a $640,000 settlement with Vermont regulators over recent outages on Robinhood’s trading platform as well as inadequate supervision of accounts. 

 
 

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CFP Board Releases New Ethical Guides For Financial Planners

Posted on March 18th, 2022 at 1:39 PM
CFP Board Releases New Ethical Guides For Financial Planners

The Certified Financial Planner Board of Standards (CFP Board) has recently issued three new guides to assist certified financial planners in adhering to professional ethics standards in their practices.

 
 
 

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SEC Warns Advisors To Be “Vigilant” As Market Volatility Expands

Posted on March 17th, 2022 at 10:57 AM
SEC Warns Advisors To Be “Vigilant” As Market Volatility Expands

The Securities and Exchange Commission (SEC) has warned financial advisory firms and broker-dealers to be vigilant in analyzing trading risks as market volatility continues to surge.

 
 

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Retiring During A Time Of Uncertainty

Posted on March 17th, 2022 at 8:45 AM
Retiring During A Time Of Uncertainty

Over the past few years, several crises such as the Russian invasion of Ukraine and Covid-19 pandemic have resulted in supply chain disruptions, heightened market volatility and alternating retirement plans.

 
 
 

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Hightower Alleges Former Advisor Used RIA Sale Proceeds To Open Competing Firm

Posted on March 15th, 2022 at 11:55 AM

Hightower Advisors has filed suit against a former advisor, John Gibson, alleging that he improperly solicited his former clients to join him at a competing firm.

 

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September 23, 2025
SEC Sanctions Emerson Equity and Advisor Over GWG L Bond Sales

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September 22, 2025
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Investors in Inspired Healthcare Capital (IHC) face mounting losses after the firm suspended distributions and halted new offerings in July 2025 amid an ongoing SEC review.

September 19, 2025
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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.