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Tagged with "eccleston"

FINRA Warns Member Firms of E-Signature Violations

Posted on August 24th, 2022 at 1:35 PM
FINRA Warns Member Firms of E-Signature Violations

The Financial Industry Regulatory Authority (FINRA) has issued a regulatory notice warning financial advisor firms to closely monitor how advisors utilize third-party digital signature platforms amidst a spike in forgery and falsifications.

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Former Advisor Receives Nearly 22 Years in Prison Over Fake-Annuity Scheme

Posted on August 23rd, 2022 at 2:37 PM
Former Advisor Receives Nearly 22 Years in Prison Over Fake-Annuity Scheme

A former Ohio-based advisor has received a 22-year prison sentence after being convicted of misappropriating at least $9.3 million from clients.

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Wells Fargo and Former Advisor Ordered to Pay Customers In Churning Dispute

Posted on August 22nd, 2022 at 1:39 PM
Wells Fargo and Former Advisor Ordered to Pay Customers In Churning Dispute

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Wells Fargo and a former advisor to pay a Pennsylvania couple at least $731,000 over a churning dispute that last nearly five years. 

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FINRA Fines J.P. Morgan Over Failure to Supervise a Former Advisor

Posted on August 19th, 2022 at 1:30 PM
FINRA Fines J.P. Morgan Over Failure to Supervise a Former Advisor

The Financial Industry Regulatory Authority (FINRA) has fined J.P. Morgan $200,000 for failing to reasonably supervise a former advisor who made several unsuitable trades in his wealthy grandmother’s account. 

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CFPB Investigates Goldman’s Credit Card Business

Posted on August 18th, 2022 at 1:04 PM
CFPB Investigates Goldman’s Credit Card Business

Goldman Sachs has announced that the Consumer Financial Protection Bureau (CFPB) is investigating its credit card business. 

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SEC Warns Financial Advisory Firms Regarding Conflicts of Interest Tied to Compensation

Posted on August 16th, 2022 at 2:37 PM
SEC Warns Financial Advisory Firms Regarding Conflicts of Interest Tied to Compensation

The Securities and Exchange Commission (SEC) has sent a warning to financial advisory firms that they must go above and beyond solely disclosing conflicts of interest related to employee pay programs in order to avoid regulatory scrutiny. 

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FINRA Proposal Would Permit Private Homes to Serve as Non-Branch Offices

Posted on August 15th, 2022 at 2:22 PM
FINRA Proposal Would Permit Private Homes to Serve as Non-Branch Offices

The Financial Industry Regulatory Authority (FINRA) has filed proposed changes to FINRA Rule 3110 with the Securities and Exchange Commission (SEC).

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SEC Charges J.P. Morgan, UBS, and TradeStation for Deficiencies Pertaining to the Prevention of Customer Identify Theft

Posted on August 12th, 2022 at 1:28 PM
SEC Charges J.P. Morgan, UBS, and TradeStation for Deficiencies Pertaining to the Prevention of Customer Identify Theft

The Securities and Exchange Commission (SEC) has charged J.P. Morgan Securities, UBS Financial Services, and TradeStation Securities over deficiencies in their programs designed to prevent client identify theft, which violates the SEC’s Identity Theft Red Flags Rule, or Regulation S-ID.

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FINRA Suspends Former Schwab Advisor for Failing to Disclose Felony Charges

Posted on August 11th, 2022 at 2:13 PM
FINRA Suspends Former Schwab Advisor for Failing to Disclose Felony Charges

The Financial Industry Regulatory Authority (FINRA) has suspended a former Charles Schwab advisor who allegedly failed to disclose multiple felony charges.

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UBS Wealth Group’s Legal Costs Skyrocket in Q2

Posted on August 10th, 2022 at 5:48 PM
UBS Wealth Group’s Legal Costs Skyrocket in Q2

UBS Wealth’s litigation expenses have substantially spiked in the second quarter as the firm has faced a host of investor complaints and regulatory probes into UBS’ volatile Yield Enhancement Strategy (YES).

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TESTIMONIALS

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

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