Tagged with "eccleston"

FINRA Announces Enhancements to Advisor Expungement Process

Posted on August 22nd, 2023 at 1:43 PM
FINRA Announces Enhancements to Advisor Expungement Process

The Financial Industry Regulatory Authority (FINRA) has adopted several reforms to tighten the expungement process and has set an implementation date of October 16.

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SEC Uncovers

Posted on August 21st, 2023 at 3:51 PM
SEC Uncovers

Wall Street regulators recently imposed hundreds of millions of dollars in penalties on broker-dealers. The penalties resulted from their failure to detect executives and traders using unofficial communication platforms such as WhatsApp.

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SEC Takes Action Against 11 Wall Street Firms for Record-keeping Violations

Posted on August 18th, 2023 at 11:31 AM
SEC Takes Action Against 11 Wall Street Firms for Record-keeping Violations

The Securities and Exchange Commission (SEC) has charged 11 firms with significant and longstanding failures to uphold electronic communication preservation regulations.

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SEC Charges Fund Administrator Over Ignoring Warning Signs

Posted on August 17th, 2023 at 11:44 AM
SEC Charges Fund Administrator Over Ignoring Warning Signs

The Securities and Exchange Commission (SEC) has settled charges against Theorem Fund Services LLC (TFS) for failing to respond to red flags relating to the commission of fraud against a private fund and its investors.

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FINRA Bans Former Raymond James Advisor for Attempting to Deceive Investigators

Posted on August 16th, 2023 at 4:02 PM
FINRA Bans Former Raymond James Advisor for Attempting to Deceive Investigators

The Financial Industry Regulatory Authority (FINRA) has barred a former Raymond James advisor. 

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Massachusetts Secretary of the Commonwealth Launches Investigation Into Advisors' Use of AI

Posted on August 15th, 2023 at 1:21 PM
Massachusetts Secretary of the Commonwealth Launches Investigation Into Advisors' Use of AI

Secretary of the Commonwealth, William Galvin, has announced an inquiry by his securities division to investigate the utilization of AI by companies in their interactions with Massachusetts investors.

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FINRA Penalizes Former LPL Advisor for Falsified Signatures

Posted on August 15th, 2023 at 8:58 AM
FINRA Penalizes Former LPL Advisor for Falsified Signatures

A former LPL Financial advisor, Bradley T. Wastler, has received a ten-month suspension and a $7,500 fine from the Financial Industry Regulatory Authority (FINRA).

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Bankruptcy Court Approves DWG's Reorganization Plan

Posted on August 11th, 2023 at 1:13 PM
Bankruptcy Court Approves DWG's Reorganization Plan

The Bankruptcy Court for the Southern District of Texas has approved GWG Holdings Inc.'s reorganization plan.

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Fifth Circuit Upholds Conviction of UDF Executives in Securities Fraud Case

Posted on August 10th, 2023 at 11:48 AM
Fifth Circuit Upholds Conviction of UDF Executives in Securities Fraud Case

In a recent ruling, the Fifth Circuit upheld the conviction of United Development Funding (UDF) executives on multiple charges of wire and securities fraud linked to their operation of a Ponzi scheme.

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SEC Finds Deficiencies in Broker-Dealers' Anti-Money Laundering Policies

Posted on August 8th, 2023 at 1:11 PM
SEC Finds Deficiencies in Broker-Dealers' Anti-Money Laundering Policies

The Securities and Exchange Commission (SEC) has issued an alert to broker-dealers regarding deficiencies found in their examinations related to crucial anti-money laundering (AML) requirements.

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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.