Eccleston Law Blog

SEC Overturns FINRA Bar Against Former Rep, Issues Immediate Suspension Instead

August 8th, 2025 at 1:41 PM
In a rare move, the Securities and Exchange Commission (SEC) has scaled back an industry bar by the Financial Industry Regulatory Authority (FINRA) against former rep Thomas Lykos Jr., converting the sanction into a suspension that ended immediately upon the SEC's decision.
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FINRA Panel Awards $160K in Broker Poaching Dispute Between Former Ameriprise Teammates

August 7th, 2025 at 4:23 PM
A FINRA arbitration panel has ordered Kraig R. Bode, an independent broker now affiliated with Sanctuary Wealth, to pay $160,000 in damages to his former teammate, Seth C. Murray, stemming from allegations of client solicitation following Bode’s departure from Ameriprise Financial in October 2021.
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Ex-Schwab Representative Suspended Two Years and Fined for Concealing Profit-Sharing Agreement

August 6th, 2025 at 11:46 AM
The Financial Industry Regulatory Authority (FINRA) has suspended former Charles Schwab & Co. Inc. representative Daniel Michael Roper for two years.
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Second Circuit Rejects Morgan Stanley's Bid to Overturn ERISA Ruling

August 5th, 2025 at 2:25 PM
Morgan Stanley has once again hit a roadblock in its effort to overturn a federal court decision that applies the Employee Retirement Income Security Act of 1974 (ERISA) protections to its deferred compensation plan.
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FINRA Bars Former Stifel Broker Amid $133 Million Arbitration Fallout

August 4th, 2025 at 11:15 AM
The Financial Industry Regulatory Authority (FINRA) has barred former Stifel Financial broker Chuck A. Roberts after a wave of investor complaints linked to his sale of structured products culminated in a $133 million arbitration award and tens of millions in additional settlements.
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FINRA Bars Former Jefferies Advisor After Refusal to Cooperate with Regulatory Probe

August 1st, 2025 at 11:23 AM
Nicholas Coubrough, a former wealth advisor with Jefferies Financial Group Inc. in Miami, has been permanently barred from the securities industry following his refusal to cooperate with an investigation by the Financial Industry Regulatory Authority (FINRA).
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Florida Attorney General Targets RAD Diversified REIT Over Suspected Ponzi Scheme

July 31st, 2025 at 3:38 PM
Florida Attorney General James Uthmeier has launched an aggressive investigation into RAD Diversified REIT, Inc., its subsidiaries, and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, for allegedly violating Florida’s Deceptive and Unfair Trade Practices Act and other state laws.
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Florida Woman Arrested in $2.6 Million Theft Scheme Tied to Former Merrill Lynch Advisor

July 30th, 2025 at 11:14 AM
A Florida woman faces multiple felony charges for allegedly helping a former Merrill Lynch advisor steal millions from a high-profile NFL client, as reported by AdvisorHub.
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Stifel Faces Mounting Arbitration Losses Over Chuck Roberts' Structured Note Sales

July 29th, 2025 at 12:49 PM
Stifel Financial has reached another substantial settlement connected to a controversial structured note strategy promoted by Miami-based broker Chuck A. Roberts.
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SEC Bars California Advisor for $4.6 Million Client Theft and Falsified Filings

July 28th, 2025 at 11:37 AM
The Securities and Exchange Commission (SEC) has permanently barred Andrew Nash, a Santa Barbara-based investment adviser, from the securities industry after alleging he misappropriated $4.6 million from a client and falsified regulatory filings to cover up the theft.
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You were most helpful with my FINRA deposition. You are a good lawyer and a good person.

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LATEST NEWS AND ARTICLES

August 8, 2025
SEC Overturns FINRA Bar Against Former Rep, Issues Immediate Suspension Instead

In a rare move, the Securities and Exchange Commission (SEC) has scaled back an industry bar by the Financial Industry Regulatory Authority (FINRA) against former rep Thomas Lykos Jr., converting the sanction into a suspension that ended immediately upon the SEC's decision.

August 7, 2025
FINRA Panel Awards $160K in Broker Poaching Dispute Between Former Ameriprise Teammates

A FINRA arbitration panel has ordered Kraig R. Bode, an independent broker now affiliated with Sanctuary Wealth, to pay $160,000 in damages to his former teammate, Seth C. Murray, stemming from allegations of client solicitation following Bode’s departure from Ameriprise Financial in October 2021.

August 6, 2025
Ex-Schwab Representative Suspended Two Years and Fined for Concealing Profit-Sharing Agreement

The Financial Industry Regulatory Authority (FINRA) has suspended former Charles Schwab & Co. Inc. representative Daniel Michael Roper for two years.