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Tagged with "eccleston"

Colorado Cracks Down on Imposter Investment Firms

Posted on May 9th, 2024 at 1:10 PM
Colorado Cracks Down on Imposter Investment Firms

Colorado Securities Commissioner Tung Chan recently took action against two fraudulent investment firms, Joyce Dunbar Management, and Fluxia Capital Management, accusing them of deceptive practices.

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J.P. Morgan Securities Ordered to Pay Damages Over Defamation Claims

Posted on May 8th, 2024 at 11:55 AM
J.P. Morgan Securities Ordered to Pay Damages Over Defamation Claims

J.P. Morgan Securities has been directed to pay $250,000 in damages to a New York financial advisor following allegations of defamation in a regulatory filing upon his departure from the firm in 2022.

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UBS Advisors Ordered to Pay Nearly $334,000 in Dispute with AllianceBernstein

Posted on May 7th, 2024 at 1:47 PM
UBS Advisors Ordered to Pay Nearly $334,000 in Dispute with AllianceBernstein

An arbitration award revealed that two UBS advisors in Philadelphia, Elijah Dornstreich and Ryan DePaul, are required to pay approximately $334,000 in damages, legal fees, and costs to their former firm, AllianceBernstein, due to a dispute over customer solicitation.

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SEC Cracks Down on Misuse of Artificial Intelligence

Posted on May 6th, 2024 at 2:53 PM

The U.S. Securities and Exchange Commission (SEC) has taken action against two money managers, Delphia (USA) Inc. and Global Predictions Inc., for allegedly making false and misleading statements regarding their utilization of artificial intelligence (AI) technology.

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Attorney Eccleston Receives America's Most Honored Lawyers Award

Posted on May 3rd, 2024 at 9:39 AM
Attorney Eccleston Receives America's Most Honored Lawyers Award

James Eccleston has been recognized as one of America's Most Honored Lawyers by The American Registry. 

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FINRA Bars Former E-Trade Broker for Refusal to Cooperate in Investigation

Posted on May 2nd, 2024 at 10:33 AM
FINRA Bars Former E-Trade Broker for Refusal to Cooperate in Investigation

Matthew J. Chimento, a former broker at E-Trade Securities in Alpharetta, Georgia, has been barred by FINRA for failing to provide information and documents related to allegations of unauthorized fund transfers from a client's account.

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FINRA Arbitration Awards Wells Fargo Over $3 Million in Dispute with Ohio RIA Founders

Posted on May 1st, 2024 at 10:29 AM
FINRA Arbitration Awards Wells Fargo Over $3 Million in Dispute with Ohio RIA Founders

A recent FINRA arbitration decision has ordered a Cincinnati-based registered investment advisor firm and two of its founders to pay Wells Fargo more than $3 million in combined damages.

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Attorney Eccleston Receives AVVO Top Rated Lawyer Award 2024

Posted on May 1st, 2024 at 9:36 AM
Attorney Eccleston Receives AVVO Top Rated Lawyer Award 2024

 James Eccleston has been officially recognized as a Top Rated Lawyer by Martindale-AVVO.  

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Commonwealth Financial Network Ordered to Pay $93.3 Million Over Conflicts of Interest

Posted on April 30th, 2024 at 1:35 PM
Commonwealth Financial Network Ordered to Pay $93.3 Million Over Conflicts of Interest

Commonwealth Financial Network has been directed to pay $93.3 million due to its failure to disclose conflicts of interest linked to a revenue-sharing program with a
Fidelity Investments unit.

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FINRA Regulatory Report Highlights Key Challenges

Posted on April 29th, 2024 at 1:41 PM
FINRA Regulatory Report Highlights Key Challenges

FINRA's recently released 2024 regulatory oversight report sheds light on evolving trends and challenges in the financial industry.

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