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Tagged with "eccleston"

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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Fidelity Study Finds Rise in RIA Valuations Reaches Plateau

Posted on June 28th, 2023 at 3:43 PM
Fidelity Study Finds Rise in RIA Valuations Reaches Plateau

According to a recent study conducted by Fidelity Investments, the financial industry expects a continued rise in registered investment advisor (RIA) dealmaking over the next five years, despite the increasing cost of acquiring RIA firms.

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Epicenters of Investment Fraud Revealed in New Study

Posted on June 27th, 2023 at 1:15 PM
Epicenters of Investment Fraud Revealed in New Study

2022 witnessed a staggering surge in investment fraud, surpassing all other types of fraud in terms of monetary losses among Americans.

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Attorneys Believe James Gorman's "New Blood" Remarks Could Strengthen Ageism Lawsuits

Posted on June 26th, 2023 at 11:02 AM
Attorneys Believe James Gorman's

James Gorman, CEO of Morgan Stanley, has faced criticism for his recent comments regarding the company's termination of around 3,500 employees since April.

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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.<...

1789403905 Law
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.

1789155492 Law
September 11, 2026
SEC Considers Investor Test to Expand Accredited Investor Eligibility

The Securities and Exchange (SEC) Chairman Paul S.