Tagged with "eccleston"

LPL Financial Experiences Trading System Outage Amid Market Volatility

Posted on April 4th, 2025 at 11:49 AM
LPL Financial Experiences Trading System Outage Amid Market Volatility

LPL Financial, the largest independent broker-dealer in the U.S., experienced widespread system outages on April 3rd, preventing advisors from executing trades for hours.

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FINRA Seeks Public Input on Rule Modernization

Posted on April 3rd, 2025 at 2:26 PM
FINRA Seeks Public Input on Rule Modernization

The Financial Industry Regulatory Authority (FINRA) is conducting a comprehensive review of its rules and is soliciting feedback from industry participants. According to ThinkAdvisor, the review aims to modernize regulations, particularly concerning remote work and branch office requirements.

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Bybit Suffers Massive $1.5 Billion Crypto Hack Amid Security Concerns

Posted on April 2nd, 2025 at 3:04 PM
Bybit Suffers Massive $1.5 Billion Crypto Hack Amid Security Concerns

Bybit, a major cryptocurrency exchange, has fallen victim to a devastating security breach, resulting in the theft of approximately $1.5 billion in Ethereum.

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CFP Board Releases AI Ethics Guide for Its Certificants

Posted on April 1st, 2025 at 3:43 PM
CFP Board Releases AI Ethics Guide for Its Certificants

The CFP Board has released a "Generative AI Ethics Guide" to address the growing use of artificial intelligence in financial advising.

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Margin Debt Hits Record Highs

Posted on March 31st, 2025 at 12:24 PM
Margin Debt Hits Record Highs

Investors' use of margin trading has surged to unprecedented levels, with debit balances in margin accounts reaching a record $937 billion as of January 2025, according to FINRA.

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FINRA Arbitration Orders Stifel to Pay $133 Million Over Broker's Structured Note Strategy

Posted on March 28th, 2025 at 12:11 PM
FINRA Arbitration Orders Stifel to Pay $133 Million Over Broker's Structured Note Strategy

A FINRA arbitration panel has ordered Stifel Financial’s retail broker-dealer to pay nearly $133 million in damages related to a structured note investment strategy promoted by Miami-based broker Chuck A. Roberts.

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FINRA Fines Robinhood $26 Million for Compliance Failures

Posted on March 27th, 2025 at 11:21 AM
FINRA Fines Robinhood $26 Million for Compliance Failures

According to Barron’s, FINRA has fined Robinhood Financial and Robinhood Securities $26 million for multiple rule violations, including failures in anti-money laundering compliance, inadequate supervision of trading technology, and misleading customer communications.

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Former Edward Jones Advisor Barred After Refusing to Cooperate with FINRA Investigation

Posted on March 26th, 2025 at 2:11 PM
Former Edward Jones Advisor Barred After Refusing to Cooperate with FINRA Investigation

A former Edward Jones advisor, James A. Bowman, has accepted an industry bar rather than cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into allegations that he reimbursed clients for losses in their accounts.

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Pennsylvania Investor Sues Captrust Over $360,000 Phishing Scam Loss

Posted on March 25th, 2025 at 1:00 PM
Pennsylvania Investor Sues Captrust Over $360,000 Phishing Scam Loss

A Pennsylvania investor has filed suit against Captrust Financial Advisors, alleging the firm failed to act swiftly in stopping a scam that drained her retirement savings.

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Merrill Lynch Advisor Sanctioned for Unauthorized Trading

Posted on March 24th, 2025 at 2:58 PM
Merrill Lynch Advisor Sanctioned for Unauthorized Trading

FINRA has fined a former Merrill Lynch advisor $5,000 and suspended the advisor for 30 days for executing unauthorized trades in client accounts.

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TESTIMONIALS

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

January 12, 2026
Florida Man Indicted in $36 Million Investment Fraud Scheme

According to news sources, federal prosecutors allege that a Florida man orchestrated a multimillion-dollar Ponzi scheme that funded a luxury lifestyle built on stolen investor money, according to the U.S. Department of Justice.

January 9, 2026
FINRA Sanctions Former Wells Fargo Advisor for Profile Falsification and Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) disciplined former Wells Fargo Advisors broker James E. Holmes III for misconduct tied to his falsifying customer information and unauthorized trading.

January 8, 2026
Georgia Investment Advisor Pleads Guilty to Ponzi Scheme

A former Georgia investment adviser has pleaded guilty to wire fraud after federal prosecutors accused his firm of operating a multiyear Ponzi scheme that cost investors millions of dollars, as reported by Financial Advisor News.