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Tagged with "eccleston"

Attorney Eccleston Receives America's Most Honored Lawyers Award

Posted on May 3rd, 2024 at 9:39 AM
Attorney Eccleston Receives America's Most Honored Lawyers Award

James Eccleston has been recognized as one of America's Most Honored Lawyers by The American Registry. 

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FINRA Bars Former E-Trade Broker for Refusal to Cooperate in Investigation

Posted on May 2nd, 2024 at 10:33 AM
FINRA Bars Former E-Trade Broker for Refusal to Cooperate in Investigation

Matthew J. Chimento, a former broker at E-Trade Securities in Alpharetta, Georgia, has been barred by FINRA for failing to provide information and documents related to allegations of unauthorized fund transfers from a client's account.

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FINRA Arbitration Awards Wells Fargo Over $3 Million in Dispute with Ohio RIA Founders

Posted on May 1st, 2024 at 10:29 AM
FINRA Arbitration Awards Wells Fargo Over $3 Million in Dispute with Ohio RIA Founders

A recent FINRA arbitration decision has ordered a Cincinnati-based registered investment advisor firm and two of its founders to pay Wells Fargo more than $3 million in combined damages.

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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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TESTIMONIALS

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If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.

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LPL and Ameriprise Notify Clients of Cybersecurity Incidents Involving Account Access

LPL Financial and Ameriprise Financial Services recently notified certain clients about separate cybersecurity incidents that exposed private information and, in one case, led to unauthorized trading activity.

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A federal bankruptcy court in Fort Worth has ordered Emerson Equity to produce documents connected to the sale of private securities issued by Inspired Healthcare Capital, according to InvestmentNews.

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Concorde Investment Services Faces Scrutiny Over Sales of Inspired Healthcare Private Investments

Concorde Investment Services is facing increased scrutiny following the bankruptcy of Inspired Healthcare Capital, whose private investment offerings were widely sold through independent broker dealers, according to InvestmentNews.