Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

Financial Advisor Accepts Suspension and Fine for Misrepresenting Continuing Education Compliance

Posted on February 21st, 2025 at 1:28 PM
Financial Advisor Accepts Suspension and Fine for Misrepresenting Continuing Education Compliance

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï

A financial advisor affiliated with Equity Services Inc. (ESI) has agreed to a one-month suspension and a $5,000 fine after the Financial Industry Regulatory Authority (FINRA) found that someone else completed his required continuing education (CE) for a state insurance license renewal.

Rod Hurowitz, also a registered investment adviser with ESI Financial Advisors, accepted FINRA’s findings without admitting or denying them, according to a settlement agreement known as an “Acceptance, Waiver, and Consent”, as reported by ThinkAdvisor.

According to FINRA, Hurowitz falsely certified to New York state regulators in December 2022 that he personally had completed the necessary CE to renew his license, when in fact another individual had done so on his behalf.

According to ThinkAdvisor, FINRA recently has disciplined multiple advisors for similar misconduct. In 2023, the regulator sanctioned 62 advisors for falsely certifying completion of New York’s insurance CE requirements. Those advisors, without admitting or denying the allegations, likewise accepted disciplinary action after FINRA found that another unidentified individual had completed the training on their behalf.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Thank you so very much for your guidance, patience, and expertise.

Beth and Steve K.

LATEST NEWS AND ARTICLES

1783615970 Law
July 9, 2026
FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

A former regional branch manager at a broker-dealer has agreed to Financial Industry Regulatory Authority (FINRA) sanctions after the regulator found that he failed to supervise registered representatives who engaged in excessive trading and churning of customer accounts.

1783525964 Law
July 8, 2026
SEC Sanctions David Lerner Associates for Regulation Best Interest Violations

David Lerner Associates has agreed to settle Securities and Exchange (SEC) charges alleging violations of Regulation Best Interest (Reg BI) that resulted in unnecessary costs to retail investors, according to InvestmentNews.

1783434190 Law
July 7, 2026
Private Credit Funds Face Mounting Redemption Pressure as Investor Sentiment Shifts

A surge in investor redemption requests has intensified pressure on private credit funds, raising concerns about liquidity and long-term stability across the asset class, as reported by The Wall Street Journal.