Tagged with "payout"

BlueCrest Capital Management Agrees to Pay $170 Million to the SEC

Posted on December 9th, 2020 at 4:19 PM
BlueCrest Capital Management Agrees to Pay $170 Million to the SEC

BlueCrest Capital Management has agreed to pay $170 million to settle allegations from the U.S. Securities and Exchange Commission (“SEC”) that the firm misled investors.

 

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Merrill Lynch to Pay $26 Million to New Hampshire Regulator to Settle Charges of Excessive Trading

Posted on December 8th, 2020 at 3:06 PM
Merrill Lynch to Pay $26 Million to New Hampshire Regulator to  Settle Charges of Excessive Trading

Merrill Lynch has agreed to pay a $2 million fine and $24.3 million in reimbursement to clients to settle an action brought by the New Hampshire Bureau of Securities Regulation.

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Wells Fargo Advisors Cuts Payout for Low-Level Producers

Posted on December 18th, 2018 at 9:39 AM
Wells Fargo Advisors Cuts Payout for Low-Level Producers

Wells Fargo has announced its 2019 compensation plan for the firm’s 9,400 financial advisors. According to the compensation plan, Wells Fargo will continue to guarantee its financial advisors 50% payouts of all fees and commissions produced after hitting monthly hurdles.

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I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

LATEST NEWS AND ARTICLES

April 24, 2024
RIA Insurance Claims Skyrocket

A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)
insurers.

April 23, 2024
Surge Predicted in Regulation Best Interest Cases

According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.

April 22, 2024
FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.