Tagged with "eccleston"

Advisor Sues Hightower, Alleging Age Discrimination and Unfair Treatment

Posted on August 30th, 2024 at 9:01 AM
Advisor Sues Hightower, Alleging Age Discrimination and Unfair Treatment

Glenn Frank, a Massachusetts-based financial advisor, has filed a lawsuit against Hightower Holdings and Lexington Wealth Management, alleging age discrimination and unfair treatment.

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Supreme Court Limits SEC's Use of In-House Tribunals in Securities Fraud Cases

Posted on August 29th, 2024 at 2:01 PM
Supreme Court Limits SEC's Use of In-House Tribunals in Securities Fraud Cases

As reported by InvestmentNews, the Supreme Court ruled in SEC v. Jarkesy that the SEC must bring actions seeking civil penalties for securities fraud in a court of law, where defendants are entitled to a trial by jury.

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FINRA Fines and Suspends Ex-UBS Advisor for Trading in Deceased Client's Account

Posted on August 28th, 2024 at 10:25 AM
FINRA Fines and Suspends Ex-UBS Advisor for Trading in Deceased Client's Account

As reported by AdvisorHub, the Financial Industry Regulatory Authority (FINRA) has fined a former UBS advisor Luis E. Nin $5,000 and suspended him for one month after he placed unauthorized trades in a deceased client’s account.

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FINRA Bars Former Merrill Lynch Advisor

Posted on August 26th, 2024 at 10:39 AM
FINRA Bars Former Merrill Lynch Advisor

The Financial Industry Regulatory Authority (FINRA) has barred Imdadur “Gino” Rahman, a former Merrill Lynch advisor for multiple compliance violations involving his relationship with an elderly customer.

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Q2 2024 Securities Filings and Settlements: Key Insights

Posted on August 23rd, 2024 at 1:50 PM
Q2 2024 Securities Filings and Settlements: Key Insights

CRA Insights has prepared its update on Section 10(b) and Section 11 filings and settlements.

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Brokerages Face Technical Meltdown Amid Market Turmoil

Posted on August 21st, 2024 at 11:42 AM
Brokerages Face Technical Meltdown Amid Market Turmoil

InvestmentNews recently reported that a severe technical glitch disrupted several major online brokerages as investors scrambled to trade amidst a sharp market downturn.

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SEC Scrutiny Intensifies Over Cash Management in Advisory Accounts

Posted on August 20th, 2024 at 11:13 AM
SEC Scrutiny Intensifies Over Cash Management in Advisory Accounts

InvestmentNews reports that recent developments have intensified concerns about how broker-dealers manage cash in investment advisory accounts. Morgan Stanley and Wells Fargo & Co. are currently under scrutiny from the Securities and Exchange Commission (SEC) regarding their handling of client cash balances.

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Raymond James to Pay $50 Million in SEC Settlement Over Off-Channel Communications

Posted on August 19th, 2024 at 10:58 AM
Raymond James to Pay $50 Million in SEC Settlement Over Off-Channel Communications

Raymond James Financial has reached a "settlement in principle" with the Securities and Exchange Commission (SEC) to pay $50 million, resolving an investigation into the firm's off-channel business communications.

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Starwood REIT Limits Shareholder Redemptions Amid Liquidity Challenges

Posted on August 16th, 2024 at 10:18 AM
Starwood REIT Limits Shareholder Redemptions Amid Liquidity Challenges

According to InvestmentNews, Starwood Real Estate Income Trust Inc. (SREIT), has announced a significant reduction in the amount of shares it will repurchase from retail investors, a move aimed at preserving liquidity during challenging market conditions.

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GPB Capital Executives Found Guilty of Securities Fraud

Posted on August 15th, 2024 at 10:29 AM
GPB Capital Executives Found Guilty of Securities Fraud

David Gentile, the founder and CEO of GPB Capital Holdings, and Jeffry Schneider, chief of broker-dealer Ascendant Capital, were found guilty on all fraud counts in a federal trial that concluded in Brooklyn.

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It was really fun seeing you fight for us. You have an amazing way of thinking out of the box.


 

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LATEST NEWS AND ARTICLES

February 12, 2026
CFTC Signals New Rulemaking for Prediction Markets and Crypto Oversight

The Commodity Futures Trading Commission (CFTC) plans to develop new regulations governing the growing prediction markets industry, Chairman Michael Selig announced, signaling a shift in regulatory strategy.

February 11, 2026
Ameriprise Advisor Phishing Incident Potentially Exposes Client Data

A phishing incident involving an Ameriprise Financial advisor potentially exposed the personal information of hundreds of clients, according to a disclosure posted by the Maine Attorney General’s office.

February 10, 2026
Merrill Lynch Expands Client Disclosures on Crypto and AI Risks

Merrill Lynch updated its required client disclosure brochure to address, for the first time, the evolving risks tied to cryptocurrency-linked investments and the firm’s expanding use of Artificial Intelligence tools.