Tagged with "Jim Eccleston"

Former Pennsylvania Advisor Sentenced to Prison for Running a $1.2 million Ponzi Scheme

Posted on November 3rd, 2017 at 3:26 PM
Former Pennsylvania Advisor Sentenced to Prison for Running a $1.2 million Ponzi Scheme

Former Edward Jones financial advisor, Bernard Parker was sentenced to 87 months in federal prison for running a six-year $1.2 million Ponzi scheme. 

Read More »

Morgan Stanley Drops Out of the Protocol for Broker Recruiting

Posted on November 3rd, 2017 at 3:24 PM
 Morgan Stanley Drops Out of the Protocol for Broker Recruiting

Morgan Stanley has announced that it has pulled out of the Protocol for Broker Recruiting (“Protocol”) and thereafter any broker moving to another firm will be subject to its one-year non-solicitation agreement.

Read More »

A Special Message to Morgan Stanley Financial Advisors Considering a Transition

Posted on November 1st, 2017 at 1:08 PM
A Special Message to Morgan Stanley Financial Advisors Considering a Transition

As you know, your firm has withdrawn as a member of the Protocol for Broker Recruiting. Now what are your rights?

Read More »

Wells Fargo Files Lawsuit against Former Broker for Contacting Former Customers

Posted on October 27th, 2017 at 12:10 PM
Wells Fargo Files Lawsuit against Former Broker for Contacting Former Customers

Wells Fargo Advisors has filed a lawsuit against former broker, Robert D. Meyers and his son, Mathew Meyers in order to prevent them from contacting former customers in an effort to recruit them to their new registered investment adviser firm in Columbus, Ohio.

Read More »

SEC Bars Portfolio Manager for Diverting Nearly $2 Million to Personal Account

Posted on October 26th, 2017 at 11:00 AM
SEC Bars Portfolio Manager for Diverting Nearly $2 Million to Personal Account

The SEC has barred Massachusetts portfolio manager, Kevin J. Amell for allegedly diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority for his clients.

Read More »

State-Registered Advisers Find Discrepancies Between States on Fee Model Regulation

Posted on October 25th, 2017 at 10:04 AM
State-Registered Advisers Find Discrepancies Between States on Fee Model Regulation

According to financial industry experts, new financial advisers are having difficulty navigating the discrepancies between states in terms of the way regulators are allowing them to charge their clients’ fees for services.

Read More »

SEC Urges Texas Federal Court to Order Two Oil and Gas Companies to Disgorge $17 Million

Posted on October 20th, 2017 at 9:26 AM
SEC Urges Texas Federal Court to Order Two Oil and Gas Companies to Disgorge $17 Million

The SEC has asked a Texas federal court to order two California companies, Team Resources, Inc. and Fossil Energy Corp. to disgorge $17 million of the proceeds of an alleged fraudulent scheme.

Read More »

SEC Announces $1 Million Whistleblower Award

Posted on October 19th, 2017 at 10:45 AM
SEC Announces $1 Million Whistleblower Award

The SEC has awarded a whistleblower $1 million for reporting information that helped the agency successfully prosecute a registered entity that harmed retail customers.

Read More »

Wells Fargo Ordered to Pay FINRA $3.4M in Restitution for Selling Unsuitable ETPs

Posted on October 18th, 2017 at 10:23 AM
Wells Fargo Ordered to Pay FINRA $3.4M in Restitution for Selling Unsuitable ETPs

FINRA has fined Wells Fargo Clearing Services LLC and Wells Fargo Advisors more than $3.4 million in restitution for selling customers “unsuitable” exchange-traded products (ETPs) and for its failure to supervise reps.

Read More »

Former Investment Adviser Indicated for Defrauding Massachusetts Retirees

Posted on October 17th, 2017 at 1:03 PM
Former Investment Adviser Indicated for Defrauding Massachusetts Retirees

Former investment adviser, Richard G. Cody, of Jacksonville, Florida has been indicted for allegedly defrauding Massachusetts retirees, as well as for lying to the SEC under oath.

Read More »

TESTIMONIALS

Previous
Next

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

Rick R.

LATEST NEWS AND ARTICLES

May 19, 2022
UBS Advisor Joins U.S. Capital After Contentious Compliance Review

A UBS Wealth Management advisor who generated $3 million in annual revenue has joined U.S. Capital Wealth Advisors, which is a regional Texas-based firm run by a former UBS manager.

 
 
May 18, 2022
Some Advisors Chose Inopportune Time To Boost Bet On GWG Bonds

Financial advisors who chose to double down on GWG are having second thoughts.

 
 
May 17, 2022
Focus Financial Board Member Sues J.P. Morgan Over $7 Million In Pandemic Losses

A California dermatologist, who also is a Focus Financial Partners board member, has filed a $7 million arbitration claim against J.P. Morgan over pandemic-related losses in a managed account.