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Tagged with "eccleston"

Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

Posted on November 2nd, 2023 at 11:29 AM
Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

Morgan Stanley Wealth Management has informed its approximately 15,000 advisors that, to maintain their current payout in the upcoming year, many will need to increase their revenue, according to a recent article in AdvisorHub.

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Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

Posted on November 1st, 2023 at 1:17 PM
Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former Morgan Stanley advisor in Raleigh, North Carolina.

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Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

Posted on October 31st, 2023 at 2:16 PM
Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

Jonathan Vincent Glenn, the CEO of Glenn Capital in Greenwich, Connecticut, pleaded guilty to federal securities fraud charges, facing a potential 25-year prison sentence.

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SEC Examination Priorities in 2024

Posted on October 30th, 2023 at 2:14 PM
SEC Examination Priorities in 2024

The Securities and Exchange Commission (SEC) has issued its 2024 examination priorities to inform investors and registrants about the focal areas, key risks, and examination topics the division intends to emphasize in the coming year.

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Former Steward Advisors Sue Firm as They Depart for LPL

Posted on October 27th, 2023 at 2:29 PM
Former Steward Advisors Sue Firm as They Depart for LPL

Experienced brokers have witnessed a significant increase in recruiting offers in recent years. However, a lawsuit filed against Steward Partners Global Advisory last week illustrates the consequences that can arise when these deals, particularly those involving equity, take a negative turn.

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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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LATEST NEWS AND ARTICLES

1783957061 Law
July 13, 2026
FINRA Warns of Growing Risks From Finfluencers and AI-Driven Investment Content

Financial Industry Regulatory Authority (FINRA) regulators are raising concerns about the increasing influence of social media personalities and artificial intelligence (AI) on retail investors, particularly those managing their own investments without professional guidance.

1783615970 Law
July 9, 2026
FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

A former regional branch manager at a broker-dealer has agreed to Financial Industry Regulatory Authority (FINRA) sanctions after the regulator found that he failed to supervise registered representatives who engaged in excessive trading and churning of customer accounts.

1783525964 Law
July 8, 2026
SEC Sanctions David Lerner Associates for Regulation Best Interest Violations

David Lerner Associates has agreed to settle Securities and Exchange (SEC) charges alleging violations of Regulation Best Interest (Reg BI) that resulted in unnecessary costs to retail investors, according to InvestmentNews.