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

ÍøÆØ³Ô¹Ï

FINRA Sanctions Over 60 Advisors for Continuing Education Violations

Posted on December 20th, 2024 at 5:17 PM
FINRA Sanctions Over 60 Advisors for Continuing Education Violations

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï

FINRA has disciplined 62 advisors for cheating on New York’s continuing education (CE) requirements tied to insurance license renewals. The advisors, who neither admitted nor denied FINRA’s findings, consented to $5,000 fines and one-month suspensions, as reflected in their AWCs (Acceptance, Waiver, and Consents).

Financial Planning reports that advisors falsely certified completion of the mandatory CE—typically 15 hours—while another unidentified individual completed the training on their behalf, according to FINRA records. The sanctions, issued since February 2023, address violations dating back to 2021. FINRA also barred four advisors from the industry after they refused to cooperate with the investigation. Additionally, one unregistered broker-dealer employee faced sanctions for their role. The advisors worked at 15 firms, including:

  • Allstate Financial Securities
  • Ameritas Investment Co.
  • Cetera Advisor Networks
  • LPL Financial
  • Northwestern Mutual Investment Services
  • NYLife Securities
  • PFS Investments
  • Voya Financial Advisors (VFA), among others

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

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

ÍøÆØ³Ô¹Ï just wanted to say thanks for your work in helping us get back some of the money we lost. ÍøÆØ³Ô¹Ï are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. ÍøÆØ³Ô¹Ï really appreciate the work you did.

Allan and Adele

LATEST NEWS AND ARTICLES

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.

1777908810 Law
May 4, 2026
KKR Limits Redemptions in Private Credit Fund Amid Rising Investor Withdrawals

KKR & Co.

1777663103 Law
May 1, 2026
Former Texas Advisor Pleads Guilty in Multi-Million Dollar Ponzi Scheme

A former financial advisor and media personality in San Antonio has admitted to defrauding clients in a large-scale Ponzi scheme involving hundreds of investors and millions of dollars, according to reporting by Financial Advisor News.