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Tagged with "eccleston"

FINRA Bars Illinois Advisor for Failing to Disclose Private Securities Transactions

Posted on July 17th, 2023 at 8:51 AM
FINRA Bars Illinois Advisor for Failing to Disclose Private Securities Transactions

The Financial Industry Regulatory Authority (FINRA) has barred an Illinois-based representative, David R. Geake, due to allegations of soliciting an elderly couple to invest in a startup he was involved with.

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SEC to Implement New Rules for Money-Market Mutual Funds, Potentially Clashing with Industry Giants

Posted on July 13th, 2023 at 11:18 AM
SEC to Implement New Rules for Money-Market Mutual Funds, Potentially Clashing with Industry Giants

The US Securities and Exchange Commission (SEC) is preparing to enforce a series of new regulations on money-market mutual funds, potentially leading to a confrontation with major players in the $5.5 trillion industry.

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FINRA Bars Former Wells Fargo Broker for Non-Cooperation in Investigation

Posted on July 12th, 2023 at 11:45 AM
FINRA Bars Former Wells Fargo Broker for Non-Cooperation in Investigation

The Financial Industry Regulatory Authority (FINRA) has barred Brad M. Jacobson, a former broker at Wells Fargo Advisors and a 17-year wirehouse veteran, due to his failure to cooperate with an investigation into his termination.

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FINRA Reports $218 Million Net Loss in 2022; CEO Compensation Surges by 11.5%

Posted on July 11th, 2023 at 11:42 AM
FINRA Reports $218 Million Net Loss in 2022; CEO Compensation Surges by 11.5%

According to its annual report, the Financial Industry Regulatory Authority (FINRA) reported a net loss of $218.1 million in 2022, compared to a net profit of $218.8 million in 2021.

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FINRA Penalizes Hightower Securities with $353,000 Fine & Restitution for Violations in Alternative Fund Sales

Posted on July 10th, 2023 at 11:46 AM
FINRA Penalizes Hightower Securities with $353,000 Fine & Restitution for Violations in Alternative Fund Sales

The Financial Industry Regulatory Authority (FINRA) has censured Hightower Securities, the broker-dealer for Hightower Advisors, a Chicago-based advisory firm.

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SEC Files Charges Against Oregon Residents and Affiliated Entities in $10 Million Ponzi-like Scheme

Posted on July 7th, 2023 at 1:11 PM
SEC Files Charges Against Oregon Residents and Affiliated Entities in $10 Million Ponzi-like Scheme

The Securities and Exchange Commission (SEC) has filed charges against Robert D. Christensen and Anthony M. Matic, residents of Oregon, along with multiple companies
under their control.

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Merrill Lynch Ends Relationship with 44-Year Veteran in Indianapolis for Policy Violations

Posted on July 6th, 2023 at 1:13 PM
Merrill Lynch Ends Relationship with 44-Year Veteran in Indianapolis for Policy Violations

Merrill Lynch has ended its association with Bruce McCaw, a highly experienced industry professional who began his career in 1971.

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SEC Struggles with RIA Arbitration Statistics

Posted on July 6th, 2023 at 8:43 AM
SEC Struggles with RIA Arbitration Statistics

A recent report reveals that the Securities and Exchange Commission (SEC) lacks the means to monitor the count of registered investment advisor (RIA) arbitrations or keep track of unpaid arbitration awards.

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SEC Report Highlights Concerns Over Mandatory Arbitration Clauses In RIA Practices

Posted on June 30th, 2023 at 1:05 PM
SEC Report Highlights Concerns Over Mandatory Arbitration Clauses In RIA Practices

A recent report from the Securities and Exchange Commission (SEC) to Congress has expressed concerns regarding using mandatory arbitration clauses in retail customer agreements by registered investment advisory (RIA) firms. 

 

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Investment Adviser Numbers Reach Unprecedented Heights

Posted on June 29th, 2023 at 1:22 PM
Investment Adviser Numbers Reach Unprecedented Heights

According to the Investment Adviser Association's (IAA) recent industry study, the number of investment advisers reached a record high in 2022, along with an increase in total employment in the sector.

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TESTIMONIALS

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Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.

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Account Takeover Fraud Continues to Rise as Cybercriminals Refine Their Tactics

Cybercriminals continue to refine account takeover schemes, driving billions of dollars in losses for businesses and consumers each year.

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FINRA Arbitration Panel Orders Arkadios Capital to Pay $2.7 Million in Ponzi Scheme-Related Claim

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Arkadios Capital to pay $2.7 million in damages to an investor who alleged the firm failed to supervise a former registered representative whose father operated a long-running Ponzi scheme, according to InvestmentNews.

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SEC Fines Former LPL Broker $125,000 for Undisclosed Conflicts in Private Securities Offerings

The Securities and Exchange Commission (SEC) has censured a former LPL Financial broker and imposed a $125,000 civil penalty after finding that he failed to disclose conflicts of interest related to private real estate securities offerings that generated nearly $1.5 million in compensation, as reported by AdvisorHub.