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Tagged with "eccleston"

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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Goldman's Aggressive Legal Tactics to Enforce Non-Solicitation Agreements Before Creative Planning Sale

Posted on October 23rd, 2023 at 1:25 PM
Goldman's Aggressive Legal Tactics to Enforce Non-Solicitation Agreements Before Creative Planning Sale

Two former Goldman Sachs Personal Financial Management advisors based in California have filed a lawsuit challenging the enforceability of their employment agreements following their departures.

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FINRA Takes Steps to Restrict Non-Lawyer Representation in Investor Arbitrations

Posted on October 20th, 2023 at 1:22 PM
FINRA Takes Steps to Restrict Non-Lawyer Representation in Investor Arbitrations

The Financial Industry Regulatory Authority (FINRA) has proposed a new rule prohibiting individuals who are not lawyers from receiving compensation from representing parties in its arbitration forum.

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FINRA Extends Remote Inspection Provision Through 2024

Posted on October 19th, 2023 at 4:19 PM
FINRA Extends Remote Inspection Provision Through 2024

The Financial Industry Regulatory Authority (FINRA) has informed the Securities and Exchange Commission (SEC) of its intention to continue a temporary program permitting member firms to inspect their brokers' offices remotely.

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Massachusetts RIA Agrees to Settlement with SEC Over Marketing Violations

Posted on October 18th, 2023 at 11:36 AM
Massachusetts RIA Agrees to Settlement with SEC Over Marketing Violations

Massachusetts-based RIA Wellesley Asset Management (WAM) will pay a $1 million civil penalty to resolve allegations of using hypothetical performance information in advertisements without adequate disclosures.

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SEC Files Charges Against Bruderman Asset Management and Principal for Concealing Misuse of Investment Funds

Posted on October 17th, 2023 at 1:16 PM
SEC Files Charges Against Bruderman Asset Management and Principal for Concealing Misuse of Investment Funds

The Securities and Exchange Commission (SEC) has announced that Bruderman Asset Management LLC (BAM), based in New York, and its principal, Matthew J. Bruderman, have agreed to settle charges stemming from their failure to disclose the misuse of proceeds obtained from clients. 

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SEC Intensifies WhatsApp Probe

Posted on October 16th, 2023 at 1:13 PM
SEC Intensifies WhatsApp Probe

The Securities and Exchange Commission (SEC) has heightened its investigation into Wall Street's utilization of private messaging applications by gathering thousands of staff messages from over a dozen major investment companies.

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Private Equity Firms Seek $750 Million in Lawsuit Against Morgan Stanley for Alleged Fraud

Posted on October 13th, 2023 at 11:51 AM

Private equity firms Certares Management LLC and Knighthead Capital Management LLC have filed a lawsuit against Morgan Stanley, seeking at least $750 million in damages.

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LATEST NEWS AND ARTICLES

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March 19, 2026
Stifel Faces Proposed ERISA Class Action Over 401(k) Fund Performance

According to ThinkAdvisor, Stifel Financial now faces a proposed class action lawsuit that accuses the firm of mismanaging its profit sharing 401(k) retirement plan in violation of the Employee Retirement Income Security Act (ERISA).

1773851287 Law
March 18, 2026
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.

1773760408 Law
March 17, 2026
Bankruptcy Court Orders Emerson Equity to Produce Records in Inspired Healthcare Case

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.