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Tagged with "eccleston"

FINRA Fines Wedbush Securities for Margin-Securities and Disclosure Failures

Posted on December 5th, 2025 at 11:59 AM
FINRA Fines Wedbush Securities for Margin-Securities and Disclosure Failures

The Financial Industry Regulatory Authority (FINRA) ordered Wedbush Securities to pay $150,000 after identifying significant compliance and supervisory failures involving customer margin securities and required bond-pricing disclosures.

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Webull Faces Scrutiny After Alleged Account Breach and Penny Stock Manipulation

Posted on December 4th, 2025 at 11:23 AM
Webull Faces Scrutiny After Alleged Account Breach and Penny Stock Manipulation

An emerging investigation into Webull Financial centers on allegations that an unauthorized third party infiltrated the firm’s security systems, accessed customer brokerage accounts, liquidated existing holdings, and used the proceeds to purchase shares of Ten-League International Holdings Ltd.

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FINRA Sanctions Former Morgan Stanley Broker Over Unauthorized Transfers

Posted on December 3rd, 2025 at 2:40 PM
FINRA Sanctions Former Morgan Stanley Broker Over Unauthorized Transfers

A longtime Morgan Stanley financial advisor agreed to a $5,000 fine and a two-month suspension after FINRA found that he executed multiple transfers from his former spouse’s retirement account without proper authorization, as reported by AdvisorHub.

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Crypto's Leverage Shakeout Exposes Structural Risks

Posted on December 2nd, 2025 at 2:56 PM
Crypto's Leverage Shakeout Exposes Structural Risks

The crypto market’s recent downturn erased nearly $20 billion in leveraged positions within hours and half a trillion dollars in market value over a single weekend.

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UBS Winds Down Funds as First Brands Bankruptcy Ripples Through Global Markets

Posted on December 1st, 2025 at 11:16 AM
UBS Winds Down Funds as First Brands Bankruptcy Ripples Through Global Markets

UBS Group AG has begun liquidating two invoice finance funds with direct exposure to First Brands Group, marking one of the earliest moves by a major financial institution to contain the fallout from the bankrupt auto-parts supplier’s collapse, as reported by Bloomberg Law.

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Former GWG Chair Charged in Alleged $150 Million Fraud Scheme as Investor Losses Mount

Posted on November 26th, 2025 at 1:42 PM
Former GWG Chair Charged in Alleged $150 Million Fraud Scheme as Investor Losses Mount

Federal prosecutors have intensified scrutiny of the long-running collapse of GWG Holdings Inc., unveiling criminal charges against Bradley Heppner, the former chair of both GWG and Beneficient.

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Financial Advisor Accepts FINRA Bar Amidst Investigation into Alleged Misappropriation

Posted on November 25th, 2025 at 3:12 PM
Financial Advisor Accepts FINRA Bar Amidst Investigation into Alleged Misappropriation

A financial advisor affiliated with a credit union connected to Raymond James Financial agreed to an industry bar after declining to cooperate with FINRA’s investigation into allegations that he misappropriated client funds.

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Kyle Busch Alleges Considerable Losses in Indexed Universal Life (IUL) Scheme

Posted on November 24th, 2025 at 11:49 AM
Kyle Busch Alleges Considerable Losses in Indexed Universal Life (IUL) Scheme

Kyle Busch, a two-time NASCAR Cup Series champion, and his wife Samantha announced that they lost more than $8.6 million in what they describe as a “devastating financial scheme” involving an Indexed Universal Life (IUL) insurance policy.

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FINRA Fines Independent Financial Group for Allowing Suspended Broker to Place Trades

Posted on November 21st, 2025 at 10:56 AM
FINRA Fines Independent Financial Group for Allowing Suspended Broker to Place Trades

The Financial Industry Regulatory Authority (FINRA) issued a censure and $100,000 fine against Independent Financial Group (IFG) after finding that the IFG allowed a suspended and statutorily disqualified broker to continue placing trades.

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Supreme Alliance Fined for Failure to Supervise Variable Annuity Sales

Posted on November 20th, 2025 at 4:15 PM
Supreme Alliance Fined for Failure to Supervise Variable Annuity Sales

The Financial Industry Regulatory Authority (FINRA) has fined Supreme Alliance $80,000 for failing to supervise recommendations and exchanges involving deferred variable annuities, as well as for failing to document background checks for newly hired registered representatives.

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