Tagged with "Jim Eccleston"

Cetera Advisor Firms to Pay $2.5M in Restitution to Eligible Customers

Posted on August 2nd, 2017 at 1:34 PM
Cetera Advisor Firms to Pay $2.5M in Restitution to Eligible Customers

FINRA has fined both Cetera Advisor Networks and Cetera Advisors allegedly for charging retirement plan customers excessive mutual fund sales charges.

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FINRA to Create a New Centralized Enforcement Office

Posted on August 1st, 2017 at 1:25 PM
FINRA to Create a New Centralized Enforcement Office

FINRA has created a new centralized enforcement office which will merge the office which handles disciplinary actions with another office that covers a broad swath of regulatory oversight cases.

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Citizens Securities to Pay a Former Broker Nearly $1.7M for Recruitment Misrepresentations

Posted on July 27th, 2017 at 2:37 PM
Citizens Securities to Pay a Former Broker Nearly $1.7M for Recruitment Misrepresentations

A FINRA arbitration panel has ordered Citizens Securities to pay a former broker nearly $1.7 million for misrepresenting to him that he would receive a $30 million book of business when he was recruited by the firm.

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SEC Expected to Present the Largest Whistleblower Award in its History

Posted on July 26th, 2017 at 1:43 PM
SEC Expected to Present the Largest Whistleblower Award in its History

According to an SEC letter, the regulatory agency is expected to award $70.6 million or more to two whistleblowers in a case involving a breach of fiduciary duty on the part of JP Morgan.

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SEC Charges San Diego Investment Adviser For Overstating the Value of Funds

Posted on July 25th, 2017 at 1:40 PM
SEC Charges San Diego Investment Adviser For Overstating the Value of Funds

The SEC has charged Enviso Capital, LLC, and its principals, Ryan Bowers and Jeffrey LaBerge, with overstating the value of two of its private funds.

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Pennsylvania Fines Midsize Broker-Dealer $500,000 For Failure to Supervise

Posted on July 24th, 2017 at 10:01 AM
Pennsylvania Fines Midsize Broker-Dealer $500,000 For Failure to Supervise

The Pennsylvania Department of Banking and Securities has fined Newbridge Securities Corp. approximately $500,000.

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SEC Settles with Colorado-Based Broker-Dealer WM Smith & Company For Failing to Monitor Employee Trading and Nonpublic Research

Posted on July 21st, 2017 at 12:02 PM
SEC Settles with Colorado-Based Broker-Dealer WM Smith & Company For Failing to Monitor Employee Trading and Nonpublic Research

The SEC has announced that Wm Smith & Company (“WSC”) has agreed to settle charges that it failed to enforce several written policies and procedures designed to prevent the misuse of material nonpublic information.

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The SEC Brings Fraud Charges Against 13 Individuals For a $14 Million Pump-and-Dump Scheme

Posted on July 17th, 2017 at 1:21 PM
The SEC Brings Fraud Charges Against 13 Individuals For a $14 Million Pump-and-Dump Scheme

The SEC has brought fraud charges in federal district court in Brooklyn against 13 individuals, many of them former brokers, for their involvement in Long Island-based scams.

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A FINRA Panel Grants Morgan Stanley’s Request for a Permanent Injunction Preventing Former Reps From Soliciting Clients

Posted on July 14th, 2017 at 10:00 AM
A FINRA Panel Grants Morgan Stanley’s Request for a Permanent Injunction Preventing Former Reps From Soliciting Clients

A three-person FINRA arbitration panel has granted Morgan Stanley’s request for a permanent injunction prohibiting a pair of former reps from soliciting clients from their new Janney Montgomery Scott office.

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Adviser Swindled $4.5 Million From a Former NFL Player to Pay Personal Expenses

Posted on July 13th, 2017 at 10:27 AM
Adviser Swindled $4.5 Million From a Former NFL Player to Pay Personal Expenses

The U.S. Attorney’s Office for the Southern District of Indiana has announced the indictment of independent adviser, Kenneth Ray Cleveland, 63, of Agoura Hills, California with seven counts of wire fraud and three counts of money laundering.

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TESTIMONIALS

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It was really fun seeing you fight for us. You have an amazing way of thinking out of the box.


 

Beth M.

LATEST NEWS AND ARTICLES

May 3, 2024
Court Grants Former Advisor Temporary Protection in Legal Battle Against Hightower Holdings

In a legal battle between a former advisor and Hightower Holdings, a Washington state court has issued a temporary restraining order (TRO) against the Chicago-based firm.

May 3, 2024
Attorney Eccleston Receives America's Most Honored Lawyers Award

James Eccleston has been recognized as one of America's Most Honored Lawyers by The American Registry. 

May 2, 2024
FINRA Bars Former E-Trade Broker for Refusal to Cooperate in Investigation

Matthew J. Chimento, a former broker at E-Trade Securities in Alpharetta, Georgia, has been barred by FINRA for failing to provide information and documents related to allegations of unauthorized fund transfers from a client's account.