Eccleston Law Blog

UnitedHealth Group Agrees to $69 Million Settlement in ERISA Class Action Lawsuit

February 11th, 2025 at 2:07 PM
UnitedHealth Group has agreed to pay $69 million to resolve a class action lawsuit alleging violations of its fiduciary duties under the Employee Retirement Income Security Act of 1974 (ERISA).
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Former Merrill Lynch Advisor Sanctioned by FINRA for Unauthorized Trades

February 10th, 2025 at 1:48 PM
FINRA has fined Anthony J. Seifert, a former Merrill Lynch advisor based in Mount Pleasant, South Carolina, $5,000 and suspended him for 20 days.
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Court Finds American Airlines Breached Fiduciary Duty in 401(k) ESG Case

February 7th, 2025 at 10:02 AM
A federal court ruling against American Airlines has brought attention to the role of environmental, social, and governance (ESG) factors in managing retirement plans.
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SEC Charges LPL Financial with Anti-Money Laundering Failures

February 7th, 2025 at 9:21 AM
The Securities and Exchange Commission (SEC) has charged LPL Financial LLC, a broker-dealer and investment adviser, with multiple violations of anti-money laundering (AML) regulations.
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Vanguard Settles SEC Charges Over Target Date Fund Disclosures for $106 Million

February 6th, 2025 at 4:10 PM
Vanguard has agreed to pay $106.41 million to settle charges by the Securities and Exchange Commission (SEC) over alleged disclosure failures related to its target date retirement funds (TDFs).
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SEC Forms Cryptocurrency Task Force to Develop Clear Regulatory Framework

February 5th, 2025 at 12:02 PM
According to ThinkAdvisor, the U.S. Securities and Exchange Commission (SEC) has announced the creation of a cryptocurrency-focused task force to establish a "comprehensive and clear" regulatory framework for digital assets.
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Wells Fargo Faces $3.37 Million FINRA Award Over Alleged Elder Exploitation

February 4th, 2025 at 4:37 PM
A FINRA arbitration panel has ordered Wells Fargo Clearing Services and its advisor, Stephen L. Smith, to pay approximately $3.37 million in damages to the estate of Genell Mathis.
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Bank of America Agrees to Consent Order Over Anti-Money-Laundering Deficiencies

February 3rd, 2025 at 3:50 PM
Bank of America Corp. has entered into a consent order with the Office of the Comptroller of the Currency (OCC) to address deficiencies in its anti-money-laundering (AML) and sanctions compliance programs.
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UBS Settles FINRA Claims Over Supervision of Short-Term Preferred Stock Trades

January 31st, 2025 at 2:21 PM
According to AdvisorHub, UBS Wealth Management USA’s broker-dealer has agreed to pay $3.5 million in sanctions over allegations of supervisory failures related to short-term trading of syndicate preferred stock.
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Two Sigma Settles SEC Charges for Investment Model Failures and Whistleblower Rule Violations

January 30th, 2025 at 4:18 PM
According to SEC.gov, the Securities and Exchange Commission (SEC) recently announced that Two Sigma Investments LP and Two Sigma Advisers LP (collectively, Two Sigma) agreed to settle charges of breaching fiduciary duties, compliance failures, and violations of the SEC’s whistleblower protection rule.
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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

February 11, 2025
UnitedHealth Group Agrees to $69 Million Settlement in ERISA Class Action Lawsuit

UnitedHealth Group has agreed to pay $69 million to resolve a class action lawsuit alleging violations of its fiduciary duties under the Employee Retirement Income Security Act of 1974 (ERISA).

February 10, 2025
Former Merrill Lynch Advisor Sanctioned by FINRA for Unauthorized Trades

FINRA has fined Anthony J. Seifert, a former Merrill Lynch advisor based in Mount Pleasant, South Carolina, $5,000 and suspended him for 20 days.

February 7, 2025
Court Finds American Airlines Breached Fiduciary Duty in 401(k) ESG Case

A federal court ruling against American Airlines has brought attention to the role of environmental, social, and governance (ESG) factors in managing retirement plans.