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

Ä¢¹½´«Ã½

Former NFL Player Turned Morgan Stanley Advisor Suspended by FINRA

Posted on October 4th, 2023 at 1:14 PM
Former NFL Player Turned Morgan Stanley Advisor Suspended by FINRA

From the desk of Jim Eccleston at Ä¢¹½´«Ã½ 

The Financial Industry Regulatory Authority (FINRA) has imposed penalties on William D. Ard, a former professional football player turned advisor.

The sanctions are related to several alleged violations, including misrepresenting trades and providing false information to compliance personnel. The infractions date back to 2018 when Ard, a 38-year registered advisor, reportedly forwarded an email to a client that contained deceptive information regarding an investment in a publicly traded biopharmaceutical company.

Ard transitioned from being a member of the New York Giants Super Bowl-winning team in 1987 to an advisor at Morgan Stanley Ä¢¹½´«Ã½alth Management. He agreed to a four-month suspension and a $15,000 fine as part of a settlement without admitting or denying FINRA's allegations.

According to AdvisorHub, the infractions relate to an email that contained predictions that the company's stock price would remain steady and increase even in "the worst-case scenarios." It included "unwarranted" claims about the company being potentially acquired at an "outrageously high price," as stated by FINRA. This action violated FINRA Rule 2210, prohibiting advisors from making false or exaggerated statements.

 

Ä¢¹½´«Ã½ 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

If you find yourself in trouble with the regulators, call Ä¢¹½´«Ã½, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

1787070589 Law
August 18, 2026
Senior Protection Case Study: Edward Jones and Senior Investor Safeguards

A recent incident involving Edward Jones illustrates how challenging it may be to employ safeguards for protecting older clients from financial exploitation.

1786980584 Law
August 17, 2026
Federal Judge Allows Investor Class Action Over Lightstone REIT Disclosures to Proceed

A federal judge has allowed investors to proceed with a class-action lawsuit alleging that directors and advisors of three Lightstone Value Plus REITs failed to disclose a significant conflict of interest before shareholders voted on amendments extending the funds' operating periods.

1786734880 Law
August 14, 2026
Cash Sweep Litigation Continues to Drive Legal Costs

Cash sweep litigation continues to increase legal costs for wealth management firms despite the Securities and Exchange Commission's (SEC) decision under the Trump administration to close pending investigations without imposing enforcement penalties, according to AdvisorHub.