Tagged with "eccleston"

Former Morgan Stanley Advisor Barred by SEC for Misappropriating Client Funds

Posted on November 6th, 2023 at 1:17 PM
Former Morgan Stanley Advisor Barred by SEC for Misappropriating Client Funds

The Securities and Exchange Commission (SEC) issued an order barring Ronald E. Filoramo, a former Morgan Stanley advisor.

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Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

Posted on November 3rd, 2023 at 1:15 PM
Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

An advisor who faced FINRA disciplinary action attempted to stop the proceedings in a D.C. federal court.

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Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

Posted on November 2nd, 2023 at 11:29 AM
Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

Morgan Stanley Wealth Management has informed its approximately 15,000 advisors that, to maintain their current payout in the upcoming year, many will need to increase their revenue, according to a recent article in AdvisorHub.

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Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

Posted on November 1st, 2023 at 1:17 PM
Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former Morgan Stanley advisor in Raleigh, North Carolina.

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Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

Posted on October 31st, 2023 at 2:16 PM
Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

Jonathan Vincent Glenn, the CEO of Glenn Capital in Greenwich, Connecticut, pleaded guilty to federal securities fraud charges, facing a potential 25-year prison sentence.

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SEC Examination Priorities in 2024

Posted on October 30th, 2023 at 2:14 PM
SEC Examination Priorities in 2024

The Securities and Exchange Commission (SEC) has issued its 2024 examination priorities to inform investors and registrants about the focal areas, key risks, and examination topics the division intends to emphasize in the coming year.

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Former Steward Advisors Sue Firm as They Depart for LPL

Posted on October 27th, 2023 at 2:29 PM
Former Steward Advisors Sue Firm as They Depart for LPL

Experienced brokers have witnessed a significant increase in recruiting offers in recent years. However, a lawsuit filed against Steward Partners Global Advisory last week illustrates the consequences that can arise when these deals, particularly those involving equity, take a negative turn.

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SEC Imposes Fines on Baird and Interactive Brokers in Ongoing Texting Probe

Posted on October 26th, 2023 at 11:49 AM
SEC Imposes Fines on Baird and Interactive Brokers in Ongoing Texting Probe

Several Wall Street firms, including prominent brokerages like Interactive Brokers Group Inc. and Robert W. Baird & Co. Inc., have collectively agreed to pay tens of
millions of dollars in penalties to U.S. regulators due to their employees' use of unmonitored communication channels during work.

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Fidelity Hit with $1.65 Million Fine Over Options Trading Standards

Posted on October 25th, 2023 at 11:34 AM
Fidelity Hit with $1.65 Million Fine Over Options Trading Standards

Massachusetts Secretary of the Commonwealth, William F. Galvin, has imposed a $750,000 fine on Fidelity Brokerage Services for their alleged past practice of hasty approval of clients' applications to trade options.

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Exploring Account Fees and Bonuses: Highlights from Cetera and Avantax Webinar

Posted on October 24th, 2023 at 1:27 PM
Exploring Account Fees and Bonuses: Highlights from Cetera and Avantax Webinar

Cetera Financial Holdings senior management hosted an online seminar with Avantax Inc.'s financial advisors to address concerns raised by 3,100 advisors following Cetera's announcement earlier this month that it is acquiring the tax-specialized broker-dealer for $1.2 billion. 

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LATEST NEWS AND ARTICLES

January 15, 2026
FINRA Flags Risks of Early Withdrawals and Exchanges in Registered Index-Linked Annuities

The Financial Industry Regulatory Authority (FINRA) has issued a renewed warning to the industry about the risks consumers face when they exit registered index-linked annuities (RILAs) before the end of the contract term.

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.