Eccleston Law Blog

SEC Fines Vanguard $19.5 Million for Disclosure Failures in Advisor Compensation Program

September 30th, 2025 at 3:06 PM
The Securities and Exchange Commission (SEC) has censured and fined Vanguard Advisers $19.5 million, alleging the firm failed to properly disclose financial incentives tied to its Personal Advisor Services (PAS) program.
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SEC Unveils Ambitious Regulatory Agenda

September 29th, 2025 at 3:03 PM
The Securities and Exchange Commission (SEC) has released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, signaling a sweeping shift in rulemaking priorities.
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SEC and DOJ Target $770 Million Prestige Funds Ponzi Scheme

September 26th, 2025 at 11:31 AM
Federal regulators say thousands of investors may have lost money in what they allege was a massive Ponzi scheme tied to the Prestige Funds and WF Velocity Funds.
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FINRA Suspends Spartan Capital Broker for Excessive Trading Violations

September 25th, 2025 at 3:53 PM
The Financial Industry Regulatory Authority (FINRA) has suspended Joseph Kelly, a broker at Spartan Capital Securities, for nine months and ordered him to pay a $10,000 fine and $69,830 in restitution.
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How New CCOs Can Navigate Today's Compliance Challenges

September 24th, 2025 at 2:15 PM
The role of the chief compliance officer (CCO) has never carried more weight or more complexity, according to Wealth Management.
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SEC Sanctions Emerson Equity and Advisor Over GWG L Bond Sales

September 23rd, 2025 at 3:16 PM
The Securities and Exchange Commission (SEC) has announced settlements with Emerson Equity and one of its registered representatives, citing violations of Regulation Best Interest (Reg BI) tied to the sale of GWG Holdings Inc. L bonds.
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Investors Pursue Recovery Amid Inspired Healthcare Capital Difficulties

September 22nd, 2025 at 2:00 PM
Investors in Inspired Healthcare Capital (IHC) face mounting losses after the firm suspended distributions and halted new offerings in July 2025 amid an ongoing SEC review.
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Financial Advisors Split on AI Adoption

September 19th, 2025 at 2:19 PM
Artificial Intelligence (AI) continues to dominate headlines, promising sweeping efficiencies in nearly every industry. Financial Planning reports that financial advisors remain divided on its role and value.
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Easterly ROCMuni Fund Collapse Triggers Investor Lawsuits

September 18th, 2025 at 2:24 PM
The Easterly ROCMuni High Income Municipal Bond Fund (tickers RMHIX, RMHVX, RMJAX) suffered a significant collapse in mid-2025, wiping out hundreds of millions in value and leaving many investors with steep losses.
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FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

September 17th, 2025 at 2:02 PM
FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.
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LATEST NEWS AND ARTICLES

September 30, 2025
SEC Fines Vanguard $19.5 Million for Disclosure Failures in Advisor Compensation Program

The Securities and Exchange Commission (SEC) has censured and fined Vanguard Advisers $19.5 million, alleging the firm failed to properly disclose financial incentives tied to its Personal Advisor Services (PAS) program.

September 29, 2025
SEC Unveils Ambitious Regulatory Agenda

The Securities and Exchange Commission (SEC) has released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, signaling a sweeping shift in rulemaking priorities.

September 26, 2025
SEC and DOJ Target $770 Million Prestige Funds Ponzi Scheme

Federal regulators say thousands of investors may have lost money in what they allege was a massive Ponzi scheme tied to the Prestige Funds and WF Velocity Funds.