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Tagged with "eccleston"

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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Morgan Stanley Seeks Injunction Against Former Advisor for Soliciting Clients

Posted on April 26th, 2024 at 9:14 AM
Morgan Stanley Seeks Injunction Against Former Advisor for Soliciting Clients

Morgan Stanley has taken legal action against Gregory T. Chevrier to prevent him from contacting his former clients.

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B. Riley Financial Clears Air Amid Allegations, Stock Surges

Posted on April 25th, 2024 at 11:57 AM
B. Riley Financial Clears Air Amid Allegations, Stock Surges

Amidst swirling speculation regarding its connections with a client linked to the Prophecy Asset Management collapse, B. Riley Financial Inc. has conducted an internal
review, concluding no affiliations with the defunct hedge fund.

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RIA Insurance Claims Skyrocket

Posted on April 24th, 2024 at 11:56 AM
RIA Insurance Claims Skyrocket

A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)
insurers.

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Surge Predicted in Regulation Best Interest Cases

Posted on April 23rd, 2024 at 1:13 PM
Surge Predicted in Regulation Best Interest Cases

According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.

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FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

Posted on April 22nd, 2024 at 11:31 AM
FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.

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WealthFeed Raises Funds for AI-Driven Lead Generation Tool

Posted on April 19th, 2024 at 2:04 PM
WealthFeed Raises Funds for AI-Driven Lead Generation Tool

WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.

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SEC Fines Target Off-Channel Communications

Posted on April 18th, 2024 at 2:15 PM
SEC Fines Target Off-Channel Communications

The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.

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B. Riley Financial Again Delays Filing Audited Results

Posted on April 17th, 2024 at 9:44 AM
B. Riley Financial Again Delays Filing Audited Results

B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.

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LATEST NEWS AND ARTICLES

1793123026 Law
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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
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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.