Tagged with "eccleston"

FINRA Issues FAQ On Senior Exploitation Rules

Posted on March 9th, 2022 at 12:58 PM
FINRA Issues FAQ On Senior Exploitation Rules

The Financial Industry Regulatory Authority (FINRA) has released a frequently asked questions (FAQ) guidance on new rules the regulator has enforced pertaining to financial exploitation of seniors.

 
 

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Massachusetts Regulators Charge Broker-Dealer Over Unsuitable Sales of Leveraged ETFs

Posted on March 8th, 2022 at 11:31 AM
Massachusetts Regulators Charge Broker-Dealer Over Unsuitable Sales of Leveraged ETFs

Massachusetts securities regulators have charged a broker-dealer with allegedly failing to adequately monitor advisors who sold unsuitable leveraged exchange-traded funds (ETFs) through another firm, which caused investors to lose $2.3 million. 

 
 

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Wells Fargo Deemed ‘Vindictive’ In Former Advisor’s Arbitration Win

Posted on March 7th, 2022 at 2:37 PM
Wells Fargo Deemed ‘Vindictive’ In Former Advisor’s Arbitration Win

A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded a former Wells Fargo advisor $1.43 million in a dispute pertaining to the advisor’s termination from the firm.

 
 

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UBS Triggers Margin Calls After Russia Bond Values Plummet

Posted on March 3rd, 2022 at 3:24 PM
UBS Triggers Margin Calls After Russia Bond Values Plummet

UBS Group has triggered margin calls on some of its wealth management clients who use Russian bonds as collateral for their investments after the value of debt issued by the country and its businesses plummeted.

 
 

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Wells Fargo Announces That Labor Department Is Investigating Its 401(k) Plan

Posted on March 2nd, 2022 at 12:33 PM
Wells Fargo Announces That Labor Department Is Investigating Its 401(k) Plan

The U.S. Department of Labor (DOL) and other federal agencies are probing Wells Fargo & Co.’s 401(k) plan, according to the firm’s most recent SEC 10-k regulatory filing.

 
 

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Allianz Terminates Two Portfolio Managers After Investment Fund Collapses

Posted on March 1st, 2022 at 1:47 PM
Allianz Terminates Two Portfolio Managers After Investment Fund Collapses

Allianz has fired two portfolio managers who monitored a group of investment funds that failed after generating massive losses at the outset of the pandemic, and after the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) announced plans to investigate.

 
 

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SEC Charges Infinity Q Founder Over Valuation Fraud

Posted on February 28th, 2022 at 1:42 PM
SEC Charges Infinity Q Founder Over Valuation Fraud

The Securities and Exchange Commission (SEC) has charged former Chief Investment Officer and founder of Infinity Q Capital, James Velissaris, for allegedly overvaluing assets by more than $1 billion while collecting million of dollars in ill-gained fees.

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FINRA Hires Law Firm To Independently Investigate Arbitrator Selection Process

Posted on February 25th, 2022 at 11:12 AM
FINRA Hires Law Firm To Independently Investigate Arbitrator Selection Process

The Financial Industry Regulatory Authority (FINRA) has hired outside legal counsel to independently investigate whether FINRA’s Dispute Resolution Services (DRS) adhered to its policies and procedures for arbitrator selection relating to a recent arbitration proceeding, in which the award was vacated by an Atlanta Superior Court judge.

 
 

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FINRA Sanctions Ecoban Securities Over Inadequate Supervision Procedures

Posted on February 24th, 2022 at 12:41 PM
FINRA Sanctions Ecoban Securities Over Inadequate Supervision Procedures

The Financial Industry Regulatory Authority (FINRA) has sanctioned Ecoban Securities Corp. and imposed a $40,000 fine after the firm allegedly violated rules designed to ensure adequate supervision of its advisors.

 
 

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SEC To Investigate Morgan Stanley and Goldman Sachs Over Block-Trading Practices

Posted on February 23rd, 2022 at 3:03 PM
SEC To Investigate Morgan Stanley and Goldman Sachs Over Block-Trading Practices

The Securities and Exchange Commission (SEC) has subpoenaed Morgan Stanley, Goldman Sachs, and several hedge funds in order to investigate the business of block trading.

 
 

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If you are being bothered by the Regulators, call Eccleston Law, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

September 19, 2025
Financial Advisors Split on AI Adoption

Artificial Intelligence (AI) continues to dominate headlines, promising sweeping efficiencies in nearly every industry. Financial Planning reports that financial advisors remain divided on its role and value.

September 18, 2025
Easterly ROCMuni Fund Collapse Triggers Investor Lawsuits

The Easterly ROCMuni High Income Municipal Bond Fund (tickers RMHIX, RMHVX, RMJAX) suffered a significant collapse in mid-2025, wiping out hundreds of millions in value and leaving many investors with steep losses.

September 17, 2025
FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.