Tagged with "eccleston"

Morgan Stanley Ordered to Pay $1.8 Million to Investor

Posted on September 7th, 2023 at 4:08 PM
Morgan Stanley Ordered to Pay $1.8 Million to Investor

In a recent decision, three arbitrators from the Financial Industry Regulatory Authority (FINRA) ordered Morgan Stanley to pay $1.8 million in damages to a former customer.

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Pennsylvania Financial Advisor Terminated Following Lawsuit

Posted on September 6th, 2023 at 3:42 PM
Pennsylvania Financial Advisor Terminated Following Lawsuit

LPL Financial has terminated John A. Dougherty following his being sued for allegedly over-leveraging an investor's account using a $5 million securities-based loan and assisting him in an external investment.

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Wells Fargo Resolves SEC Dispute Over Advisory Fees

Posted on September 5th, 2023 at 1:18 PM
Wells Fargo Resolves SEC Dispute Over Advisory Fees

The Securities and Exchange Commission (SEC) announced charges against Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively, “Wells Fargo”).

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Class-Action Lawsuit Filed Against Schwab and TD Ameritrade

Posted on September 1st, 2023 at 2:13 PM
Class-Action Lawsuit Filed Against Schwab and TD Ameritrade

Charles Schwab and TD Ameritrade face a lawsuit for a data breach connected to the ongoing cyberattack targeting the MOVEit file-transfer software.

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Investment Advisors Brace for Influx of New Rules and Regulatory Changes

Posted on August 31st, 2023 at 1:08 PM
Investment Advisors Brace for Influx of New Rules and Regulatory Changes

The Securities and Exchange Commission's (SEC) announcement in May 2021 about enforcing a landmark marketing rule, approved by the agency the previous December, caused a considerable stir among investment advisers.

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Weighing the Upsides and Downsides of Alternative Investments

Posted on August 30th, 2023 at 1:09 PM
Weighing the Upsides and Downsides of Alternative Investments

In its 2023 Financial Advisor Survey, iCapital surveyed 400 U.S. registered financial professionals. Those professionals, who either use or are considering using alternatives within the coming year, are exploring ways to diversify beyond traditional 60/40 portfolios.

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SEC Accuses Investment Fund of Engaging in Deceptive Practices

Posted on August 29th, 2023 at 4:13 PM
SEC Accuses Investment Fund of Engaging in Deceptive Practices

The Securities and Exchange Commission (SEC) has brought settled charges against Summitcrest Capital Inc. and its principals, Johnny Tseng and Kevin Zhang, alleging that they engaged in an offering fraud via their real estate investment fund, SC Development Fund LLC.

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SEC Takes Action Against Advisor for Operating with Revoked Registration

Posted on August 28th, 2023 at 1:12 PM
SEC Takes Action Against Advisor for Operating with Revoked Registration

The Securities and Exchange Commission (SEC) has barred an investment adviser representative from conducting business.

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Goldman Launches Initiative to Address Gaps Following Fed Oversight

Posted on August 24th, 2023 at 11:27 AM
Goldman Launches Initiative to Address Gaps Following Fed Oversight

Goldman Sachs Group Inc. is experiencing a hiring spree due to a new wave of regulatory scrutiny in the US.

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Damage Claims Exceed $24 Million for Stifel Advisor's Note Strategy

Posted on August 23rd, 2023 at 1:15 PM
Damage Claims Exceed $24 Million for Stifel Advisor's Note Strategy

Complaints against an advisor from Miami-based Stifel Nicolaus & Co. are increasing due to a structured note strategy, and additional million-dollar claims have been added to the ongoing concerns.

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TESTIMONIALS

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

LATEST NEWS AND ARTICLES

February 12, 2026
CFTC Signals New Rulemaking for Prediction Markets and Crypto Oversight

The Commodity Futures Trading Commission (CFTC) plans to develop new regulations governing the growing prediction markets industry, Chairman Michael Selig announced, signaling a shift in regulatory strategy.

February 11, 2026
Ameriprise Advisor Phishing Incident Potentially Exposes Client Data

A phishing incident involving an Ameriprise Financial advisor potentially exposed the personal information of hundreds of clients, according to a disclosure posted by the Maine Attorney General’s office.

February 10, 2026
Merrill Lynch Expands Client Disclosures on Crypto and AI Risks

Merrill Lynch updated its required client disclosure brochure to address, for the first time, the evolving risks tied to cryptocurrency-linked investments and the firm’s expanding use of Artificial Intelligence tools.