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Tagged with "eccleston"

B. Riley Financial Faces New Challenges with Struggling Texas Retailer

Posted on August 7th, 2024 at 9:57 AM
B. Riley Financial Faces New Challenges with Struggling Texas Retailer

B. Riley Financial Inc., a boutique investment bank, faces fresh turmoil due to its involvement with Conn’s Inc., a Texas-based home-furnishings chain on the brink of bankruptcy.

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Two Raymond James Advisors Barred for Failing to Cooperate in FINRA Investigations

Posted on August 6th, 2024 at 1:50 PM
Two Raymond James Advisors Barred for Failing to Cooperate in FINRA Investigations

FINRA has barred two Raymond James Financial Services Inc. advisors, Bryan Noonan and Thomas Reyes, from the securities industry due to their failure to cooperate in ongoing investigations.

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LPL Financial Faces Lawsuit Over Low Interest Rates in Cash Sweep Programs

Posted on August 5th, 2024 at 9:46 AM
LPL Financial Faces Lawsuit Over Low Interest Rates in Cash Sweep Programs

LPL Financial is the latest target of a lawsuit concerning the interest rates it offers on uninvested cash held in customer accounts.

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SEC's Private Fund Advisers Rules

Posted on August 2nd, 2024 at 10:07 AM
SEC's Private Fund Advisers Rules

The Securities and Exchange Commission (SEC) is tightening the regulatory framework for Registered Investment Advisers (RIAs) with the implementation of the Private Fund Advisers Rules, set to fully take effect by early 2025.

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SEC Charges Silvergate Capital and Executives with Misleading Investors

Posted on August 1st, 2024 at 11:59 AM
SEC Charges Silvergate Capital and Executives with Misleading Investors

The Securities and Exchange Commission (SEC) has filed a complaint against Silvergate Capital Corporation and three former executives, alleging they misled investors about the strength of Silvergate Bank’s Bank Secrecy Act/Anti-Money Laundering compliance program and the monitoring of crypto customers, including the collapsed FTX.

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Clients Sue Charles Schwab and Hightower Advisors Over $1 Million Fraud

Posted on July 31st, 2024 at 10:15 AM
Clients Sue Charles Schwab and Hightower Advisors Over $1 Million Fraud

Clients are suing Charles Schwab & Co. and Hightower Advisors after fraudsters allegedly stole nearly $1 million from their retirement accounts and turned off electronic notifications that could have alerted them.

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Tech Drip Hits Leveraged ETFs Hard, Highlighting Investment Risks

Posted on July 30th, 2024 at 11:09 AM
Tech Drip Hits Leveraged ETFs Hard, Highlighting Investment Risks

Recent AI-driven rallies in tech stocks have encouraged investors to buy the dip, but this strategy has backfired for those using leveraged exchange-traded funds (ETFs) to amplify returns.

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Why Financial Advisors Should Embrace a Niche Market

Posted on July 29th, 2024 at 8:50 AM
Why Financial Advisors Should Embrace a Niche Market

FinancialPlanning recently discussed how focusing on a niche can accelerate growth, especially when advisors promote their focus across all mediums, including websites, social media, and branding.



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Kentucky Advisor Sues LPL Financial for Alleged Corporate Raid

Posted on July 26th, 2024 at 9:01 AM
Kentucky Advisor Sues LPL Financial for Alleged Corporate Raid

A Kentucky advisor, Mark Lamkin, has filed a lawsuit against LPL Financial, claiming the independent broker-dealer orchestrated a corporate raid that resulted in the loss of his firm’s entire book of managed assets.

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FINRA Plans Fee Increases Amid Rising Costs and Losses

Posted on July 25th, 2024 at 10:51 AM
FINRA Plans Fee Increases Amid Rising Costs and Losses

The Financial Industry Regulatory Authority (FINRA) has announced plans to raise fees for its approximately 3,300 broker-dealer member firms. According to AdvisorHub, the self-regulator faces soaring costs, as detailed in its annual report published at the end of June.

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LATEST NEWS AND ARTICLES

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August 6, 2026
Account Takeover Fraud Continues to Rise as Cybercriminals Refine Their Tactics

Cybercriminals continue to refine account takeover schemes, driving billions of dollars in losses for businesses and consumers each year.

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August 5, 2026
FINRA Arbitration Panel Orders Arkadios Capital to Pay $2.7 Million in Ponzi Scheme-Related Claim

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Arkadios Capital to pay $2.7 million in damages to an investor who alleged the firm failed to supervise a former registered representative whose father operated a long-running Ponzi scheme, according to InvestmentNews.

1785858278 Law
August 4, 2026
SEC Fines Former LPL Broker $125,000 for Undisclosed Conflicts in Private Securities Offerings

The Securities and Exchange Commission (SEC) has censured a former LPL Financial broker and imposed a $125,000 civil penalty after finding that he failed to disclose conflicts of interest related to private real estate securities offerings that generated nearly $1.5 million in compensation, as reported by AdvisorHub.