Tagged with "eccleston"

Former Raymond James Advisor Barred by FINRA Over Misappropriation Probe

Posted on August 28th, 2025 at 2:00 PM
Former Raymond James Advisor Barred by FINRA Over Misappropriation Probe

The Financial Industry Regulatory Authority (FINRA) has permanently barred former Raymond James financial advisor Meredith Archer Webber after she failed to comply with repeated requests for documents and testimony during an investigation into the possible misappropriation of funds from two elderly clients, according to ThinkAdvisor.

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SEC Fines American Portfolios Advisors $1.75 Million for Overbilling and Undisclosed Conflicts

Posted on August 27th, 2025 at 12:38 PM
SEC Fines American Portfolios Advisors $1.75 Million for Overbilling and Undisclosed Conflicts

The Securities and Exchange Commission (SEC) has fined American Portfolios Advisors $1.75 million for a series of violations that occurred between August 2020 and March 2023, including overbilling advisory clients and failing to disclose conflicts of interest tied to compensation arrangements.

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NIL Era Exposes Student-Athletes to Financial Fraud and Uncharted Risks

Posted on August 26th, 2025 at 1:50 PM
NIL Era Exposes Student-Athletes to Financial Fraud and Uncharted Risks

The evolving world of paying college athletics has opened new revenue streams for student-athletes. According to Wealth Management it has also invited a host of fifinancial dangers that many young players are ill-equipped to manage.

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Former Broker Indicted for $9.7M Ponzi Scheme Involving Fake Bond Investments

Posted on August 25th, 2025 at 2:30 PM
Former Broker Indicted for $9.7M Ponzi Scheme Involving Fake Bond Investments

Federal authorities have indicted former securities broker Edwin Emmett Lickiss Jr., 77, on wire fraud and money laundering charges for allegedly orchestrating a $9.5 million Ponzi scheme involving at least 50 investors.

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Former Fidelity Advisor Indicted for $2 Million Fraud Targeting Former Client

Posted on August 22nd, 2025 at 1:38 PM
Former Fidelity Advisor Indicted for $2 Million Fraud Targeting Former Client

Federal prosecutors have charged former Fidelity Investments advisor Eric James Stone with 10 counts of wire and mail fraud and five counts of money laundering, accusing him of orchestrating a $2 million scheme that exploited a former client for personal gain.

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CFP Board Faces Criticism for Omitting Key Disclosures from Public Search Tool

Posted on August 21st, 2025 at 3:55 PM
CFP Board Faces Criticism for Omitting Key Disclosures from Public Search Tool

The CFP Board promotes its certificants as the “most trusted” financial professionals and directs consumers to its LetsMakeAPlan.org search tool. However, a Financial Planning analysis reveals a significant gap between the Board’s records and those maintained by FINRA’s BrokerCheck database.

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LPL Financial Faces Lawsuit Over Alleged California Labor Code Violations

Posted on August 20th, 2025 at 3:14 PM
LPL Financial Faces Lawsuit Over Alleged California Labor Code Violations

LPL Financial is facing a lawsuit in California Superior Court alleging widespread wage and hour violations affecting non-exempt employees across the state.

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UBS Hit with $737,000 FINRA Arbitration Award Over Mismanaged Tesla Options Strategy

Posted on August 19th, 2025 at 4:21 PM
UBS Hit with $737,000 FINRA Arbitration Award Over Mismanaged Tesla Options Strategy

UBS Financial Services has been ordered to pay $737,000 in damages and fees after a former Tesla executive accused the firm of mishandling an options strategy involving his concentrated stock position.

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Stifel Drops Advisor Chuck Roberts Amid Legal Fallout from Failed Structured Notes Strategy

Posted on August 18th, 2025 at 4:19 PM
Stifel Drops Advisor Chuck Roberts Amid Legal Fallout from Failed Structured Notes Strategy

Stifel Financial Corp. has parted ways with Chuck Roberts, a high-profile financial advisor whose investment strategies have triggered a wave of costly legal complaints.

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FINRA Bars Former Ameriprise Advisor Over $2.2 Million in Client Loans

Posted on August 15th, 2025 at 1:42 PM
FINRA Bars Former Ameriprise Advisor Over $2.2 Million in Client Loans

The Financial Industry Regulatory Authority (FINRA) has permanently barred former Ameriprise Financial broker Eric A. Dupre for borrowing more than $2.2 million from clients without firm authorization.

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TESTIMONIALS

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

October 28, 2025
UBS Seeks Court Order Against $1.4 Billion Florida Advisory Team Over Client Solicitation Allegations

UBS Wealth Management USA has filed a lawsuit and requested a temporary restraining order (TRO) against a $1.4 billion advisory team that recently departed to join Elevation Point, a West Palm Beach-based registered investment advisor launched just 15 months ago.

October 27, 2025
FINRA Panel Orders Charles Schwab to Pay Damages Over Structured Product Losses Sold by Vora Wealth Management

A three-person FINRA arbitration panel ordered Charles Schwab & Co. to pay $165,440 in compensatory damages to a former client of Vora Wealth Management, after losses tied to complex structured products.

October 23, 2025
Retail Access to Private Markets Raises Investor Protection and Regulatory Concerns

Robinhood Markets recently registered its first alternative investment vehicle, Robinhood Ventures Fund I, with the Securities and Exchange Commission (SEC).