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Tagged with "eccleston"

Proposal to Prohibit Non-Compete Clauses May Impact Mergers and Acquisitions of RIAs

Posted on January 18th, 2023 at 3:06 PM
Proposal to Prohibit Non-Compete Clauses May Impact Mergers and Acquisitions of RIAs

A federal prohibition on noncompete clauses may impact future mergers and acquisitions of investment advisory firms as well as how financial advisors transfer to new firms. 

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SEC Charges Creator of CoinDeal Crypto Scheme and Seven Others Over $45 Million Fraud

Posted on January 17th, 2023 at 1:57 PM
SEC Charges Creator of CoinDeal Crypto Scheme and Seven Others Over $45 Million Fraud

The Securities and Exchange Commission (SEC) has changed Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc, and BannersGo, LLC for their involvement in a fraudulent investment scheme known as CoinDeal, which raised at least $45 million from sales of unregistered securities.

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SEC Charges Former SPAC CFO For Misappropriating Nearly $5 Million

Posted on January 16th, 2023 at 2:39 PM
SEC Charges Former SPAC CFO For Misappropriating Nearly $5 Million

The Securities and Exchange Commission (SEC) has changed the former CFO of African Gold Acquisition Corp., a special purpose acquisition company (SPAC), for misappropriating at least $5 million from the company and investors in two other SPACs that he had incorporated. 

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Coinbase Agrees to $100 Million Settlement With New York Regulators

Posted on January 13th, 2023 at 12:27 PM
Coinbase Agrees to $100 Million Settlement With New York Regulators

Coinbase Global Inc., has agreed to a $100 million settlement with New York Regulators over allegations that the cryptocurrency exchange permitted customers to open accounts without conducting adequate background checks. 

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FINRA Proposes Changes To Arbitration Selection Process

Posted on January 12th, 2023 at 3:38 PM
FINRA Proposes Changes To Arbitration Selection Process

The Financial Industry Regulatory Authority (FINRA) has proposed rule changes to “enhance the transparency of the arbitrator selection” and other alterations aimed to improving its dispute resolution services. 

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FINRA Penalizes Center Street Securities Over Improper GPB Private Placement Sales

Posted on January 11th, 2023 at 1:41 PM
FINRA Penalizes Center Street Securities Over Improper GPB Private Placement Sales

The Financial Industry Regulatory Authority (FINRA) has imposed a fine on Center Street Securities after the financial advisory firm improperly sold GPB private placements. 

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FINRA Penalizes Morgan Stanley For Shortchanging Clients $800,000 In Fund Fee Rebates

Posted on January 10th, 2023 at 1:08 PM
FINRA Penalizes Morgan Stanley For Shortchanging Clients $800,000 In Fund Fee Rebates

Morgan Stanley has agreed to pay $802,000 in restitution to clients after a Financial Industry Regulatory Authority (FINRA) investigation found that the firm’s supervisory system had shortchanged some clients on mutual fund fee rebates between 2015 and 2021.

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Law Firms Investigate Potential Claims Against Silvergate Capital on Behalf of FTX Customers

Posted on January 9th, 2023 at 3:01 PM
Law Firms Investigate Potential Claims Against Silvergate Capital on Behalf of FTX Customers

Law firms are investigating potential claims against Silvergate Capital on behalf of FTX customers who wired fiat currency to Alameda Research.

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FINRA Settles With Coastal Equities Over Improper GPB Private Placement Sales

Posted on January 6th, 2023 at 12:54 PM
FINRA Settles With Coastal Equities Over Improper GPB Private Placement Sales

The Financial Industry Regulatory Authority (FINRA) has agreed to a $418,000 settlement with Coastal Equities over sales in 2018 of GPB private placements. 

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GWG Bondholders Prepare To File Suit Against Financial Advisory Firms and Executives

Posted on January 5th, 2023 at 10:36 AM
GWG Bondholders Prepare To File Suit Against Financial Advisory Firms and Executives

A group representing nearly 27,000 retail investors is set to file suit against GWG Holdings’ executives as well as the financial advisory firms that marketed and sold $1.6 billion worth of GWG L bonds, according to a recent bankruptcy court filing in Houston. 

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

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McKinsey Forecasts Sweeping Changes for Wealth Management Over the Next Decade

The U.S.

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Stifel Faces Proposed ERISA Class Action Over 401(k) Fund Performance

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LPL and Ameriprise Notify Clients of Cybersecurity Incidents Involving Account Access

LPL Financial and Ameriprise Financial Services recently notified certain clients about separate cybersecurity incidents that exposed private information and, in one case, led to unauthorized trading activity.