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Tagged with "eccleston"

FINRA Hires Law Firm To Independently Investigate Arbitrator Selection Process

Posted on February 25th, 2022 at 11:12 AM
FINRA Hires Law Firm To Independently Investigate Arbitrator Selection Process

The Financial Industry Regulatory Authority (FINRA) has hired outside legal counsel to independently investigate whether FINRA’s Dispute Resolution Services (DRS) adhered to its policies and procedures for arbitrator selection relating to a recent arbitration proceeding, in which the award was vacated by an Atlanta Superior Court judge.

 
 

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FINRA Sanctions Ecoban Securities Over Inadequate Supervision Procedures

Posted on February 24th, 2022 at 12:41 PM
FINRA Sanctions Ecoban Securities Over Inadequate Supervision Procedures

The Financial Industry Regulatory Authority (FINRA) has sanctioned Ecoban Securities Corp. and imposed a $40,000 fine after the firm allegedly violated rules designed to ensure adequate supervision of its advisors.

 
 

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SEC To Investigate Morgan Stanley and Goldman Sachs Over Block-Trading Practices

Posted on February 23rd, 2022 at 3:03 PM
SEC To Investigate Morgan Stanley and Goldman Sachs Over Block-Trading Practices

The Securities and Exchange Commission (SEC) has subpoenaed Morgan Stanley, Goldman Sachs, and several hedge funds in order to investigate the business of block trading.

 
 

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J.P. Morgan Ordered To Pay $1.4 Million To Advisor In Defamation Case

Posted on February 22nd, 2022 at 12:51 PM
J.P. Morgan Ordered To Pay $1.4 Million To Advisor In Defamation Case

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered J.P. Morgan to pay $1.4 million to a former advisor who alleged defamation following his termination nearly five years ago.

 
 

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FINRA Criticized Over Alleged Rigging Of Arbitration Matters Involving Wells Fargo

Posted on February 21st, 2022 at 12:09 PM
FINRA Criticized Over Alleged Rigging Of Arbitration Matters Involving Wells Fargo

Senate and House lawmakers have criticized the Financial Industry Regulatory Authority (FINRA) Dispute Resolution over the fairness of its arbitration system after a judge recently determined that a FINRA arbitration panel was biased against an investor claimant in 2019.

 
 
 

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FINRA Suspends Former Raymond James Advisor Over UIT Sales

Posted on February 18th, 2022 at 1:03 PM
FINRA Suspends Former Raymond James Advisor Over UIT Sales

The Financial Industry Regulatory Authority (FINRA) has suspended a former Raymond James advisor for three months and imposed a $5,000 fine over unsuitable sales of Unit Investment Trusts (UITs).

 
 

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SEC Releases Statement On Private Fund Advisors Proposal

Posted on February 17th, 2022 at 12:10 PM
SEC Releases Statement On Private Fund Advisors Proposal

The Securities and Exchange Commission (SEC) is proposing to amend the Investment Advisors Act to improve the efficiency, competition, and transparency of the activities of private funds’ advisors, according to SEC chairman Gary Gensler.

 
 

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DocuSign Use Dooms “Swath” of LPL Brokers

Posted on February 17th, 2022 at 10:04 AM
DocuSign Use Dooms “Swath” of LPL Brokers

LPL Financial, the largest independent broker-dealer by its sales force of close to 20,000, is terminating “a swath of brokers” over allegations related to their use of electronic signature software DocuSign, according to a lawyer and a recruiter working with affected brokers.

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SEC Obtains Final Judgement Against Indianapolis-Based Advisor Over Allegations Of Fraud

Posted on February 16th, 2022 at 12:04 PM
SEC Obtains Final Judgement Against Indianapolis-Based Advisor Over Allegations Of Fraud

The U.S. District Court for the Southern District of Indiana has entered a final consent judgment against an Indianapolis-based advisor, George Blankenbaker, and three of his entities who previously were charged with defrauding at least 100 investors out of at least $8 million.

 
 
 
 

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Smoothie-Throwing Advisor Suspended By CFP Board

Posted on February 15th, 2022 at 1:21 PM
Smoothie-Throwing Advisor Suspended By CFP Board

A former Merrill Lynch advisor has been suspended by the CFP Board after he was arrested for threatening employees and using racial slurs at a smoothie shop in Connecticut.

 
 
 
 

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TESTIMONIALS

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I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

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The Securities and Exchange Commission (SEC) has censured a former LPL Financial broker and imposed a $125,000 civil penalty after finding that he failed to disclose conflicts of interest related to private real estate securities offerings that generated nearly $1.5 million in compensation, as reported by AdvisorHub.