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Tagged with "eccleston"

Sanford Bernstein & Co. and Alliance Bernstein Face FINRA Arbitration Claim Over Options Advantage Strategy

Posted on March 22nd, 2023 at 2:08 PM
Sanford Bernstein & Co. and Alliance Bernstein Face FINRA Arbitration Claim Over Options Advantage Strategy

Sanford Bernstein & Co. and Alliance Bernstein (Bernstein) are facing what could be the first of several Financial Industry Regulatory Authority (FINRA) arbitration claims related to its Options Advantage Strategy.

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Silver Star Properties REIT Pursuing “Complete Separation” From Hartman

Posted on March 21st, 2023 at 2:17 PM
Silver Star Properties REIT Pursuing “Complete Separation” From Hartman

Silver Star Properties REIT, formerly known as Hartman Short Term Income PropertiesXX Inc., announced that the company is “currently in discussions” with Allen Hartman regarding a complete separation between Silver Star and Hartman vREIT XXI Inc.

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Silver Star Properties REIT Investigating Founder For Alleged Fiduciary Violations

Posted on March 20th, 2023 at 3:46 PM
Silver Star Properties REIT Investigating Founder For Alleged Fiduciary Violations

Silver Star Properties REIT, a publicly registered non-traded real estate investment trust,
recently announced that the executive committee of the board has removed founder and
executive chairman of the company, Allen Hartman.

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Recent Study Shows FINRA Enforcement Actions Declined Last Year

Posted on March 17th, 2023 at 10:09 AM
Recent Study Shows FINRA Enforcement Actions Declined Last Year

The Financial Industry Regulatory Authority (FINRA) reported only $45 million in fines
last year in comparison to $103 million in 2021, according to an annual report on FINRA
disciplinary enforcement.

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Robinhood and Other Brokerages Restrict Customers From Cashing In Profitable Put Options On Silicon Valley Bank and Signature Bank

Posted on March 16th, 2023 at 4:12 PM

Robinhood is restricting customers from cashing in on their bets against Silicon Valley Bank and Signature Bank even as put options appear to be in the money, according to several Robinhood customers on Twitter.

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KBS REIT III Urges Shareholders to Reject Mini Tender Offer

Posted on March 15th, 2023 at 3:59 PM
KBS REIT III Urges Shareholders to Reject Mini Tender Offer

The board of directors for KBS Real Estate Investment Trust III Inc., a publicly registered non-traded real estate investment trust, has urged shareholders in a letter to reject unsolicited mini-tender offers from CMG Income Fund II LLC, CMG Liquidity Fund LLC, Blue River Capital LLC, and CMG Partners LLC.

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Stifel Files Suit Against Indiana Advisory Firm Co-Led by Former Vice President’s Brother

Posted on March 14th, 2023 at 4:22 PM
Stifel Files Suit Against Indiana Advisory Firm Co-Led by Former Vice President’s Brother

Stifel, Nicolaus & Co. has filed suit against one of its largest teams that is co-led by a brother of former Vice President Mike Pence for allegedly staging a “coup” when the team departed in favor of launching their own financial advisory firm, according to the complaint. 

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Illinois and Georgia Become Newest States to Adopt Best Interest Annuity Rules

Posted on March 13th, 2023 at 4:40 PM
Illinois and Georgia Become Newest States to Adopt Best Interest Annuity Rules

Illinois and Georgia have become the 32nd and 33rd states to adopt rules mandating a best interest standard for annuity sales and recommendations following a model created by the National Association of Insurance Commissioners (NAIC). 

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Oil Entrepreneur Sues Wells Fargo and LPL For Mismanaging Securities-Based Loan Strategy

Posted on March 10th, 2023 at 2:22 PM
Oil Entrepreneur Sues Wells Fargo and LPL For Mismanaging Securities-Based Loan Strategy

An oil refinery entrepreneur has filed suit against Wells Fargo Advisors and LPL Financial alleging that his advisor overleveraged his account with a $5 million securities-based loan as part of a strategy that failed amidst the Covid-19 pandemic.

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FINRA Bars High-Producing Beverly Hills Advisor

Posted on March 9th, 2023 at 5:40 PM
FINRA Bars High-Producing Beverly Hills Advisor

The Financial Industry Regulatory Authority (FINRA) has barred a Beverly Hills-based advisor, Antoine Souma, who allegedly participated in a private securities transaction in violation of industry rules.

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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.

LATEST NEWS AND ARTICLES

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Mariner Wealth Advisors LLC disclosed a data breach that exposed personal information of 8,995 customers, according to AdvisorHub.

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FINRA Warns of Growing Risks From Finfluencers and AI-Driven Investment Content

Financial Industry Regulatory Authority (FINRA) regulators are raising concerns about the increasing influence of social media personalities and artificial intelligence (AI) on retail investors, particularly those managing their own investments without professional guidance.

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FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

A former regional branch manager at a broker-dealer has agreed to Financial Industry Regulatory Authority (FINRA) sanctions after the regulator found that he failed to supervise registered representatives who engaged in excessive trading and churning of customer accounts.