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Tagged with "eccleston"

Wells Fargo Under SEC Scrutiny for Cash Sweep Programs

Posted on November 28th, 2023 at 9:47 AM
Wells Fargo Under SEC Scrutiny for Cash Sweep Programs

The Securities and Exchange Commission (SEC) is investigating Wells Fargo & Company over cash sweep options provided to investment advisory clients.

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FINRA Alleges $2 Million in Client Losses and $2 Million in Commissions Due to Advisor's Churning

Posted on November 22nd, 2023 at 12:08 PM
FINRA Alleges $2 Million in Client Losses and $2 Million in Commissions Due to Advisor's Churning

According to a Financial Industry Regulatory Authority (FINRA) complaint, Stewart "Paxton" Ginn excessively traded accounts over two and a half years, resulting in $2.22 million in losses and $2.24 million in commissions for him and his firm.

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SEC Charges Former Advisor with $2 Million Fraudulent Scheme

Posted on November 21st, 2023 at 1:56 PM
SEC Charges Former Advisor with $2 Million Fraudulent Scheme

The Securities and Exchange Commission (SEC) has announced the filing of charges against an investment adviser based in Santa Maria, California.

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The Classic 60-40 Investment Strategy Faces its Most Challenging Year in Decades

Posted on November 20th, 2023 at 11:40 AM
The Classic 60-40 Investment Strategy Faces its Most Challenging Year in Decades

Millions of Americans are experiencing disruption in their retirement planning due to rising interest rates and inflation.

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SEC Charges Prophecy Asset Management's President/CCO with Multi-Year Fraud Scheme

Posted on November 17th, 2023 at 2:15 PM
SEC Charges Prophecy Asset Management's President/CCO with Multi-Year Fraud Scheme

The Securities and Exchange Commission (SEC) has filed charges against John Hughes, who served as the president and chief compliance officer of registered investment adviser Prophecy Asset Management LP.

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New DOL Fiduciary Rule Takes Aim at Loopholes in Retirement Savings

Posted on November 16th, 2023 at 11:52 AM
New DOL Fiduciary Rule Takes Aim at Loopholes in Retirement Savings

The Department of Labor (DOL) unveiled its latest retirement security rule, which involves altering the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA).

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SEC Focuses on Increased Scrutiny for Hybrid Firms in 2024 Examination Priorities

Posted on November 15th, 2023 at 1:16 PM
SEC Focuses on Increased Scrutiny for Hybrid Firms in 2024 Examination Priorities

As the ranks of hybrid advisor-brokers, registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), continue to grow, regulators are intensifying their scrutiny.

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BREIT's September Performance Records Negative Total Return

Posted on November 13th, 2023 at 10:26 AM
BREIT's September Performance Records Negative Total Return

Blackstone Real Estate Income Trust (“BREIT”), sponsored by The Blackstone Group, has updated the net asset values (NAV).

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High Net Worth Investors Surge in Pre-IPO Securities Market

Posted on November 10th, 2023 at 10:55 AM
High Net Worth Investors Surge in Pre-IPO Securities Market

High Net Worth Investors (HNWIs) have recently emerged as the dominant buyers in this market segment.

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Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

Posted on November 9th, 2023 at 2:20 PM
Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

Safeguard Metals and its sole owner, Jeffrey Ikahn, reportedly defrauded customers to whom it promoted gold IRAs, resulting in alleged losses of $68 million as reported recently by InvestmentNews.

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LATEST NEWS AND ARTICLES

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FINRA Suspends Former Northwestern Mutual Broker Over Customer Loans

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