Tagged with "eccleston"

Attorney Eccleston Receives AVVO Top Rated Lawyer Award 2024

Posted on May 1st, 2024 at 9:36 AM
Attorney Eccleston Receives AVVO Top Rated Lawyer Award 2024

 James Eccleston has been officially recognized as a Top Rated Lawyer by Martindale-AVVO.  

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Commonwealth Financial Network Ordered to Pay $93.3 Million Over Conflicts of Interest

Posted on April 30th, 2024 at 1:35 PM
Commonwealth Financial Network Ordered to Pay $93.3 Million Over Conflicts of Interest

Commonwealth Financial Network has been directed to pay $93.3 million due to its failure to disclose conflicts of interest linked to a revenue-sharing program with a
Fidelity Investments unit.

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FINRA Regulatory Report Highlights Key Challenges

Posted on April 29th, 2024 at 1:41 PM
FINRA Regulatory Report Highlights Key Challenges

FINRA's recently released 2024 regulatory oversight report sheds light on evolving trends and challenges in the financial industry.

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Morgan Stanley Seeks Injunction Against Former Advisor for Soliciting Clients

Posted on April 26th, 2024 at 9:14 AM
Morgan Stanley Seeks Injunction Against Former Advisor for Soliciting Clients

Morgan Stanley has taken legal action against Gregory T. Chevrier to prevent him from contacting his former clients.

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B. Riley Financial Clears Air Amid Allegations, Stock Surges

Posted on April 25th, 2024 at 11:57 AM
B. Riley Financial Clears Air Amid Allegations, Stock Surges

Amidst swirling speculation regarding its connections with a client linked to the Prophecy Asset Management collapse, B. Riley Financial Inc. has conducted an internal
review, concluding no affiliations with the defunct hedge fund.

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RIA Insurance Claims Skyrocket

Posted on April 24th, 2024 at 11:56 AM
RIA Insurance Claims Skyrocket

A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)
insurers.

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Surge Predicted in Regulation Best Interest Cases

Posted on April 23rd, 2024 at 1:13 PM
Surge Predicted in Regulation Best Interest Cases

According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.

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FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

Posted on April 22nd, 2024 at 11:31 AM
FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.

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WealthFeed Raises Funds for AI-Driven Lead Generation Tool

Posted on April 19th, 2024 at 2:04 PM
WealthFeed Raises Funds for AI-Driven Lead Generation Tool

WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.

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SEC Fines Target Off-Channel Communications

Posted on April 18th, 2024 at 2:15 PM
SEC Fines Target Off-Channel Communications

The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.

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LATEST NEWS AND ARTICLES

January 14, 2026
FINRA Fines and Suspends Wells Fargo Advisor Over Fictitious Expense Claims

The Financial Industry Regulatory Authority (FINRA) fined and suspended a Wells Fargo Advisors representative in Waco, Texas, after finding that he submitted fictitious business expense claims, according to a FINRA Acceptance, Waiver and Consent (AWC) letter.

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.