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Tagged with "Eccleston Law"

FINRA Suspends Two New York Advisors Over Reg BI Violations

Posted on February 16th, 2023 at 4:24 PM
FINRA Suspends Two New York Advisors Over Reg BI Violations

The Financial Industry Regulatory Authority (FINRA) has suspended two New York-based advisors for violating Regulation Best Interest (Reg BI). 

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J.P. Morgan Files Suit Against Two Advisors Who Departed For Merrill Lynch

Posted on February 15th, 2023 at 4:21 PM
J.P. Morgan Files Suit Against Two Advisors Who Departed For Merrill Lynch

J.P. Morgan has asked a New York state court to issue a temporary restraining order (TRO) barring two of its former advisors from soliciting their former clients.

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SEC Settles With Moors & Cabot For $1.9 Million Over Disclosure Failures

Posted on February 14th, 2023 at 2:00 PM
SEC Settles With Moors & Cabot For $1.9 Million Over Disclosure Failures

The Securities and Exchange Commission (SEC) has ordered Moors & Cabot to pay $2 million to settle allegations that the firm breached its fiduciary duty to its clients by failing to disclose payments it received from clearing brokers. 

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FINRA Bars Former UBS Advisor Who Allegedly Misappropriated $7.2 Million

Posted on February 13th, 2023 at 2:00 PM
FINRA Bars Former UBS Advisor Who Allegedly Misappropriated $7.2 Million

The Financial Industry Regulatory Authority (FINRA) has barred a former UBS financial advisor for allegedly misappropriating millions of dollars from clients. 

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SEC Issues New Warning Regarding Reg BI Compliance Lapses

Posted on February 10th, 2023 at 1:54 PM
SEC Issues New Warning Regarding Reg BI Compliance Lapses

The Securities and Exchange Commission (SEC) has issued a warning indicating that financial advisory firms are relying on outdated systems to achieve compliance with Regulation Best Interest (Reg BI). 

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Advisor Group Firms Avoid Fines Over Sales Charge Waivers

Posted on February 9th, 2023 at 2:28 PM
Advisor Group Firms Avoid Fines Over Sales Charge Waivers

The Financial Industry Regulatory Authority (FINRA) previously had ordered three Advisor Group financial advisory firms to pay nearly $515,000 in restitution for failing to apply sales charge waivers to certain 529 plan investors during a five-year period. 

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Morgan Stanley Fines Some Advisors $1 Million Over Messaging Lapses

Posted on February 8th, 2023 at 1:52 PM
Morgan Stanley Fines Some Advisors $1 Million Over Messaging Lapses

Morgan Stanley has fined some of its own financial advisors more than $1 million each for communicating with clients on WhatsApp and other messaging platforms. 

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SEC Charges Pennsylvania Investment Advisor With Operating Fraudulent Scheme

Posted on February 7th, 2023 at 1:48 PM
SEC Charges Pennsylvania Investment Advisor With Operating Fraudulent Scheme

The Securities and Exchange Commission (SEC) has charged a former investment advisor, Joshua Coleman, with allegedly operating a fraudulent scheme that generated nearly $200 million in ill-gained proceeds. 

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Morgan Stanley Expected To Soon Resolve Due Diligence Backlog

Posted on February 6th, 2023 at 12:44 PM
Morgan Stanley Expected To Soon Resolve Due Diligence Backlog

Morgan Stanley is expected to resolve an issue pertaining to financial advisors whose client accounts have been recently entangled in a due diligence backlog. 

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SEC Charges Wisconsin Financial Advisor For Allegedly Defrauding Senior Investors

Posted on February 3rd, 2023 at 2:00 PM
SEC Charges Wisconsin Financial Advisor For Allegedly Defrauding Senior Investors

The Securities and Exchange Commission (SEC) has charged a Wisconsin-based financial advisor, Anthony Liddle, with misappropriating $1.9 million from at least 13 investors.

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TESTIMONIALS

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As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.

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