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Tagged with "eccleston"

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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FINRA Announces Enhancements to Advisor Expungement Process

Posted on August 22nd, 2023 at 1:43 PM
FINRA Announces Enhancements to Advisor Expungement Process

The Financial Industry Regulatory Authority (FINRA) has adopted several reforms to tighten the expungement process and has set an implementation date of October 16.

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SEC Uncovers

Posted on August 21st, 2023 at 3:51 PM
SEC Uncovers

Wall Street regulators recently imposed hundreds of millions of dollars in penalties on broker-dealers. The penalties resulted from their failure to detect executives and traders using unofficial communication platforms such as WhatsApp.

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SEC Takes Action Against 11 Wall Street Firms for Record-keeping Violations

Posted on August 18th, 2023 at 11:31 AM
SEC Takes Action Against 11 Wall Street Firms for Record-keeping Violations

The Securities and Exchange Commission (SEC) has charged 11 firms with significant and longstanding failures to uphold electronic communication preservation regulations.

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SEC Charges Fund Administrator Over Ignoring Warning Signs

Posted on August 17th, 2023 at 11:44 AM
SEC Charges Fund Administrator Over Ignoring Warning Signs

The Securities and Exchange Commission (SEC) has settled charges against Theorem Fund Services LLC (TFS) for failing to respond to red flags relating to the commission of fraud against a private fund and its investors.

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FINRA Bans Former Raymond James Advisor for Attempting to Deceive Investigators

Posted on August 16th, 2023 at 4:02 PM
FINRA Bans Former Raymond James Advisor for Attempting to Deceive Investigators

The Financial Industry Regulatory Authority (FINRA) has barred a former Raymond James advisor. 

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Massachusetts Secretary of the Commonwealth Launches Investigation Into Advisors' Use of AI

Posted on August 15th, 2023 at 1:21 PM
Massachusetts Secretary of the Commonwealth Launches Investigation Into Advisors' Use of AI

Secretary of the Commonwealth, William Galvin, has announced an inquiry by his securities division to investigate the utilization of AI by companies in their interactions with Massachusetts investors.

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FINRA Penalizes Former LPL Advisor for Falsified Signatures

Posted on August 15th, 2023 at 8:58 AM
FINRA Penalizes Former LPL Advisor for Falsified Signatures

A former LPL Financial advisor, Bradley T. Wastler, has received a ten-month suspension and a $7,500 fine from the Financial Industry Regulatory Authority (FINRA).

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Bankruptcy Court Approves DWG's Reorganization Plan

Posted on August 11th, 2023 at 1:13 PM
Bankruptcy Court Approves DWG's Reorganization Plan

The Bankruptcy Court for the Southern District of Texas has approved GWG Holdings Inc.'s reorganization plan.

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LATEST NEWS AND ARTICLES

1789490284 Law
September 15, 2026
FINRA Suspends Former Northwestern Mutual Broker Over Customer Loans

The Financial industry Regulatory Authority (FINRA) has suspended and fined a former Northwestern Mutual broker after he solicited two customers for loans to purchase another representative's book of business but instead used most of the money to pay personal expenses and other debt, according to an Acceptance, Waiver, and Consent (AWC) letter.<...

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September 14, 2026
SEC Considers Expanding Retail Access to Private Markets

The Securities and Exchange Commission (SEC) is considering a proposal that could expand retail investors' access to private markets and allow investment advisers to charge performance fees to a broader group of clients.

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September 11, 2026
SEC Considers Investor Test to Expand Accredited Investor Eligibility

The Securities and Exchange (SEC) Chairman Paul S.