Tagged with "James Eccleston"

SEC Awards $450,000 to Whistleblower

Posted on April 20th, 2020 at 4:51 PM
SEC Awards $450,000 to Whistleblower

The U.S. Securities and Exchange Commission (“SEC”) announced that it had awarded $450,000 to a whistleblower.  Unlike most individuals who receive a whistleblower award from the SEC, the recipient of this award had compliance-related responsibilities at their firm. Under the compliance officer exclusion, Individuals whose primary duties include compliance or internal audits are usually not eligible for SEC whistleblower awards.  However, those individuals can be eligible for an SEC whistleblower award if 120 days have passed since that individual reported the issue internally. Per SEC Protocol, neither the whistleblower nor the enforcement action was identified.

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Beware of Energy MLPs

Posted on April 20th, 2020 at 4:48 PM
Beware of Energy MLPs

Master Limited Partnerships (“MLPs”), which are often associated with the energy industry, present unique and sometimes extreme risks, only suitable for aggressive investors with a long-term time horizon.  Let’s examine some key features and identify the larger players.

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James Eccleston Achieves Highest Rating in Both Legal Ability and Ethical Standards for 2020

Posted on April 20th, 2020 at 3:47 PM
James Eccleston Achieves Highest Rating in Both Legal Ability and Ethical Standards for 2020

James Eccleston achieved the highest rating in both Legal Ability and Ethical Standards from Martindale Hubbell for 2020.

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Beware of Scams Related to Coronavirus

Posted on April 17th, 2020 at 3:40 PM
Beware of Scams Related to Coronavirus

State securities regulators are warning that the current financial climate is likely to lead to a surge in investment scams related to coronavirus.  The North American Securities Administrators Association (“NASAA”) warned that scammers will try to take advantage of the fear and uncertainty in the financial market resulting from the coronavirus pandemic.  

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Edward Jones Announces Pay Freeze

Posted on April 16th, 2020 at 3:24 PM

Edward Jones announced that it is freezing wages and suspending overtime pay for one year. The decision, which the firm described as a proactive and preventative measure, comes in response to the issues that have arisen as a result of the COVID-19 pandemic.

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Coronavirus Adds to Problems for Emerging Market Bonds

Posted on April 15th, 2020 at 3:15 PM
Coronavirus Adds to Problems for Emerging Market Bonds

The financial fallout from the Coronavirus pandemic has been widespread, and now threatens emerging markets.  Emerging market bonds have seen a withdrawal of capital, and now some of the emerging markets are at risk of default.  The pandemic is just one of a number of circumstances that have combined to push these bonds to the edge of default. Additionally, declining oil prices and an increase in the strength of the US dollar has contributed to this issue.

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James Eccleston Named Illinois Super Lawyer for 2020

Posted on April 14th, 2020 at 5:08 PM
James Eccleston Named Illinois Super Lawyer for 2020

We are pleased to announce that James Eccleston has been named an Illinois Super Lawyer for 2020 in the area of Securities Litigation

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Business Losses Due to COVID-19 Pandemic

Posted on April 14th, 2020 at 4:43 PM
Business Losses Due to COVID-19 Pandemic

Most businesses have bought a suite of policies to cover their business operations.  Business interruption insurance coverage is part of that suite of policies.

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FINRA Postpones All In-person Arbitration and Mediation Proceedings Through May 31

Posted on April 13th, 2020 at 5:21 PM
FINRA Postpones All In-person Arbitration and Mediation Proceedings Through May 31

In response to the outbreak of COVID-19, the Financial Industry Regulatory Authority (“FINRA”) announced that all in-person arbitration and mediation proceedings scheduled through May 31, 2020 will be postponed. FINRA specified that postponing hearings would not affect other case deadlines. 

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Disruptions Caused by Coronavirus Create Opportunities for Financial Advisors Considering a Transition

Posted on April 10th, 2020 at 2:53 PM
Disruptions Caused by Coronavirus Create Opportunities for Financial Advisors  Considering a Transition

Financial advisors considering a transition may have put those plans on hold given the unprecedented disruption and market volatility caused by COVID-19.  However, as Ryan Shanks discussed in a recent article for ThinkAdvisor, there may be some benefits for advisors who continue forward on their transition plans.

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