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Tagged with "eccleston"

FINRA Bars Two Former Raymond James Advisors for Non-Cooperation in Investigations

Posted on July 16th, 2024 at 10:28 AM
FINRA Bars Two Former Raymond James Advisors for Non-Cooperation in Investigations

The Financial Industry Regulatory Authority (FINRA) has barred two former Raymond James financial advisors after they refused to cooperate with investigations into their departures from the St. Petersburg Florida-based firm, according to AdvisorHub.

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Salomon & Ludwin Sues Former Employees Despite Being a Protocol Move

Posted on July 15th, 2024 at 10:16 AM
Salomon & Ludwin Sues Former Employees Despite Being a Protocol Move

According to WealthManagement, a team of advisors has left Salomon & Ludwin (S&L), a registered investment advisor, to establish their own RIA, Founders Grove Wealth Partners, with backing from Dynasty Financial Partners.

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Former Apprentice Advisor Sentenced to Prison for Client Theft

Posted on July 12th, 2024 at 11:11 AM
Former Apprentice Advisor Sentenced to Prison for Client Theft

Dusty Sternadel, a former advisor with Ameriprise, has been sentenced to five years for defrauding clients of over $1.2 million. The Justice Department revealed that Sternadel pleaded guilty to wire fraud earlier this year.

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CFP Board Reaches Milestone with 100,000 Certified Financial Planners

Posted on July 11th, 2024 at 3:27 PM
CFP Board Reaches Milestone with 100,000 Certified Financial Planners

The CFP Board recently announced a significant milestone, surpassing 100,000 Certified Financial Planners (CFPs).

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Wells Fargo Faces ERISA Lawsuit Over 401(k) Plan Asset Use

Posted on July 10th, 2024 at 11:51 AM
Wells Fargo Faces ERISA Lawsuit Over 401(k) Plan Asset Use

A new proposed class action has been filed in the US District Court in the Northern District of California, alleging that Wells Fargo and its associated committees violated the Employee Retirement Income Security Act (ERISA).

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SEC Charges Investment Firm with Defrauding Investors of $3 Million

Posted on July 8th, 2024 at 1:18 PM
SEC Charges Investment Firm with Defrauding Investors of $3 Million

The U.S. Securities and Exchange Commission (SEC) has charged Joshua Goltry and his firm, JAG Capital Advisors LLC, with defrauding investors of at least $3 million over three years.

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Top Morgan Stanley Advisor Fined and Suspended

Posted on July 5th, 2024 at 8:55 AM
Top Morgan Stanley Advisor Fined and Suspended

A prominent Morgan Stanley advisor has accepted a 45-day suspension and a $10,000 fine for unauthorized money transfers and using personal communication channels for business-related texts, according to a FINRA settlement letter known as an Acceptance, Waiver, and Consent (“AWC”).

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Nontraded REIT Sales Slump Amid Market Uncertainty

Posted on July 3rd, 2024 at 12:00 PM
Nontraded REIT Sales Slump Amid Market Uncertainty

InvestmentNews recently covered the sluggish start to nontraded real estate investment trust (REIT) sales in the current year, observing that the slump reflects the challenges facing commercial real estate investors, hinting at potential devaluation in certain REITs, especially net asset value (NAV) products.

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Brokerage Firm Settles FINRA Allegations for Texting Lapses and Due Diligence Deficiencies

Posted on July 2nd, 2024 at 9:16 AM
Brokerage Firm Settles FINRA Allegations for Texting Lapses and Due Diligence Deficiencies

A recent settlement between a Florida-based brokerage firm and the Financial Industry Regulatory Authority (FINRA) has drawn attention to the importance of retaining
business-related text messages and conducting due diligence on private placement offerings.

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Financial Advisor Awarded $376,000 in Partnership Dispute

Posted on July 1st, 2024 at 2:15 PM
Financial Advisor Awarded $376,000 in Partnership Dispute

Financial advisors often partner with other financial advisors, but how they document the arrangement is critically important.

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1793123026 Law
October 27, 2026
CFTC Seeks Public Comment on Proposed Crypto Asset Regulatory Framework

The Commodity Futures Trading Commission (CFTC) has issued an Advanced Notice of Proposed Rulemaking (ANPRM) seeking public comment on a potential regulatory framework for retail commodity transactions involving crypto assets, which the agency calls "CTXs." According to the CFTC's press release, the initiative focuses on Section 2(c)(2)(D) of th...

1793034027 Law
October 26, 2026
FINRA Bars Former Wedbush Broker Over $3.5 Million in Complex ETP Losses

The Financial Industry Regulatory Authority (FINRA) barred former Wedbush Securities broker William H.

1792610544 Law
October 21, 2026
FINRA Fines and Suspends Former LPL Broker Over Undisclosed Customer Settlement

The Financial Industry Regulatory Authority (FINRA) fined former LPL Financial broker Gregory W.