Tagged with "eccleston"

Morgan Stanley Settles Block Trade Investigations for $249 Million

Posted on July 18th, 2024 at 11:39 AM
Morgan Stanley Settles Block Trade Investigations for $249 Million

Morgan Stanley has agreed to pay $249.4 million to resolve criminal and civil investigations into its handling of large stock trades for customers, according to a recent story in The Wall Street Journal.

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FINRA Sanctions CFP for Sharing Exam Content

Posted on July 17th, 2024 at 1:40 PM
FINRA Sanctions CFP for Sharing Exam Content

The Financial Industry Regulatory Authority (FINRA) has fined Certified Financial Planner Joseph Occhipinti $5,000 and suspended him for one month for sharing CFP exam content with others.

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FINRA Bars Two Former Raymond James Advisors for Non-Cooperation in Investigations

Posted on July 16th, 2024 at 10:28 AM
FINRA Bars Two Former Raymond James Advisors for Non-Cooperation in Investigations

The Financial Industry Regulatory Authority (FINRA) has barred two former Raymond James financial advisors after they refused to cooperate with investigations into their departures from the St. Petersburg Florida-based firm, according to AdvisorHub.

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Salomon & Ludwin Sues Former Employees Despite Being a Protocol Move

Posted on July 15th, 2024 at 10:16 AM
Salomon & Ludwin Sues Former Employees Despite Being a Protocol Move

According to WealthManagement, a team of advisors has left Salomon & Ludwin (S&L), a registered investment advisor, to establish their own RIA, Founders Grove Wealth Partners, with backing from Dynasty Financial Partners.

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Former Apprentice Advisor Sentenced to Prison for Client Theft

Posted on July 12th, 2024 at 11:11 AM
Former Apprentice Advisor Sentenced to Prison for Client Theft

Dusty Sternadel, a former advisor with Ameriprise, has been sentenced to five years for defrauding clients of over $1.2 million. The Justice Department revealed that Sternadel pleaded guilty to wire fraud earlier this year.

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CFP Board Reaches Milestone with 100,000 Certified Financial Planners

Posted on July 11th, 2024 at 3:27 PM
CFP Board Reaches Milestone with 100,000 Certified Financial Planners

The CFP Board recently announced a significant milestone, surpassing 100,000 Certified Financial Planners (CFPs).

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Wells Fargo Faces ERISA Lawsuit Over 401(k) Plan Asset Use

Posted on July 10th, 2024 at 11:51 AM
Wells Fargo Faces ERISA Lawsuit Over 401(k) Plan Asset Use

A new proposed class action has been filed in the US District Court in the Northern District of California, alleging that Wells Fargo and its associated committees violated the Employee Retirement Income Security Act (ERISA).

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SEC Charges Investment Firm with Defrauding Investors of $3 Million

Posted on July 8th, 2024 at 1:18 PM
SEC Charges Investment Firm with Defrauding Investors of $3 Million

The U.S. Securities and Exchange Commission (SEC) has charged Joshua Goltry and his firm, JAG Capital Advisors LLC, with defrauding investors of at least $3 million over three years.

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Top Morgan Stanley Advisor Fined and Suspended

Posted on July 5th, 2024 at 8:55 AM
Top Morgan Stanley Advisor Fined and Suspended

A prominent Morgan Stanley advisor has accepted a 45-day suspension and a $10,000 fine for unauthorized money transfers and using personal communication channels for business-related texts, according to a FINRA settlement letter known as an Acceptance, Waiver, and Consent (“AWC”).

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Nontraded REIT Sales Slump Amid Market Uncertainty

Posted on July 3rd, 2024 at 12:00 PM
Nontraded REIT Sales Slump Amid Market Uncertainty

InvestmentNews recently covered the sluggish start to nontraded real estate investment trust (REIT) sales in the current year, observing that the slump reflects the challenges facing commercial real estate investors, hinting at potential devaluation in certain REITs, especially net asset value (NAV) products.

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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.