Eccleston Law Blog

Investor Sues Both Schwab and Hightower Over Pledged Asset Line

June 9th, 2025 at 11:53 AM
A retiree has filed a lawsuit accusing Charles Schwab & Co. and Hightower Advisors of financial elder abuse, fraud, and breach of fiduciary duty.
Read More

FINRA Sanctions Former Broker for Unsuitable, High-Risk GWG Bond Sales

June 6th, 2025 at 1:45 PM
The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former advisor for what FINRA alleged were excessively risky investments that left clients exposed to significant losses.
Read More

UBS Seeks to Overturn $95 Million FINRA Award Over Tesla Shorting Strategy

June 5th, 2025 at 10:54 AM
UBS Wealth Management USA has filed a petition in federal court to vacate a nearly $95 million FINRA arbitration award, arguing the decision overstepped legal bounds and imposed punitive damages that defy Iowa law, as reported by AdvisorHub.
Read More

Jury Finds Cutter Financial Group Liable for Disclosure Failures in Annuity Sales

June 4th, 2025 at 3:50 PM
A federal jury in Massachusetts has found investment advisor Jeffrey Cutter and his firm, Cutter Financial Group, liable for failing to disclose significant commissions and conflicts of interest tied to an annuity replacement strategy sold to clients.
Read More

Former Merrill Edge Advisor Barred by FINRA Amid Misappropriation Allegations

June 3rd, 2025 at 11:01 AM
FINRA has barred Mario L. Martinez, a market leader with Merrill Edge in Fort Lauderdale, Florida, after he declined to cooperate with a regulatory investigation. According to AdvisorHub, the probe began following a tip that Martinezaccepted a loan from a client, among other alleged misconduct.
Read More

Revenue Sharing in Wealth Management Continues Despite Criticism

June 2nd, 2025 at 1:28 PM
Revenue sharing remains one of the wealth management industry’s most controversial and opaque practices.
Read More

Former LPL Advisor Sanctioned by FINRA Over Undisclosed Real Estate Venture

May 30th, 2025 at 1:43 PM
FINRA has fined a former LPL Financial advisor and suspended him for three months after allegations surfaced that he operated a real estate development business without his firm’s approval.
Read More

FINRA Sanctions Former Broker for Undisclosed Private Equity and Securities Activities

May 29th, 2025 at 9:51 AM
FINRA has sanctioned former registered representative Thomas A. Rapp for engaging in undisclosed outside business and private securities transactions while associated with M Holdings. The enforcement action stems from a Letter of Acceptance, Waiver and Consent (AWC) Rapp submitted under FINRA Rule 9216, resolving the matter without admitting or denying FINRA’s findings.
Read More

SEC Charges Three Texas Residents in $91 Million Ponzi Scheme

May 28th, 2025 at 12:14 PM
The Securities and Exchange Commission (“SEC”) has filed charges against Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner, all Dallas-Fort Worth residents, for orchestrating a Ponzi scheme that raised at least $91 million from over 200 investors.
Read More

FINRA Opens Examination Into B. Riley's Wealth Management Operations Amid Ongoing Regulatory Pressure

May 27th, 2025 at 1:39 PM
B. Riley Financial Inc. continues to draw regulatory attention, with the firm recently disclosing that FINRA has launched a cause examination into its wealth management division. According to AdvisorHub, the firm revealed the inquiry in a filing with the U.S. Securities and Exchange Commission.
Read More

TESTIMONIALS

Previous
Next

You are the best attorneys in the country.

CC

LATEST NEWS AND ARTICLES

June 9, 2025
Investor Sues Both Schwab and Hightower Over Pledged Asset Line

A retiree has filed a lawsuit accusing Charles Schwab & Co. and Hightower Advisors of financial elder abuse, fraud, and breach of fiduciary duty.

June 6, 2025
FINRA Sanctions Former Broker for Unsuitable, High-Risk GWG Bond Sales

The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former advisor for what FINRA alleged were excessively risky investments that left clients exposed to significant losses.

June 5, 2025
UBS Seeks to Overturn $95 Million FINRA Award Over Tesla Shorting Strategy

UBS Wealth Management USA has filed a petition in federal court to vacate a nearly $95 million FINRA arbitration award, arguing the decision overstepped legal bounds and imposed punitive damages that defy Iowa law, as reported by AdvisorHub.