Eccleston Law Blog

Charles Schwab Faces Lawsuit Over Failure to Prevent Elder Fraud in Computer Hack

October 9th, 2024 at 1:26 PM
A new lawsuit claims that Charles Schwab failed to protect an elderly client from a fraudulent scheme that drained her retirement savings.
Read More

Western International Securities Fined Over $1.5 Million for Failing to Detect Churning

October 8th, 2024 at 3:45 PM
Western International Securities, a California broker-dealer, has been ordered to pay over $1.5 million for failing to detect churning in 100 customer accounts.
Read More

SEC Enforcement Chief Gurbir Grewal to Step Down After Leading Major Crackdowns

October 7th, 2024 at 4:08 PM
Gurbir Grewal, Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), is stepping down after playing a central role in major enforcement actions against Wall Street and the cryptocurrency industry.
Read More

SEC Updates Regulation S-P to Enhance Customer Data Protection

October 4th, 2024 at 2:10 PM
The SEC has introduced long-awaited updates to Regulation S-P, originally adopted in 2000, to improve the protection of customer records and information for broker-dealers, investment companies, and RIAs. 
Read More

FINRA Fines Newbridge Securities $125,000 for AML Failures and Unsuitable Recommendations

October 3rd, 2024 at 8:40 AM
Newbridge Securities Corporation has been fined $125,000 and censured by the Financial Industry Regulatory Authority (FINRA) for inadequate anti-money laundering (AML) protocols and for unsuitable recommendations of complex investment products.
Read More

SEC Charges Two South Florida Men for Defrauding Venezuelan-American Investors in $5 Million Scheme

October 2nd, 2024 at 4:30 PM
The Securities and Exchange Commission (SEC) has filed a complaint against two South Florida men, Francisco Javier Malave Hernandez and Ricardo Javier Guerra Farias, for orchestrating a multi-million dollar investment fraud that targeted members of the Venezuelan-American community.
Read More

California Advisor Suspended and Fined for Churning Client Accounts

October 1st, 2024 at 3:34 PM
A veteran advisor in Santa Maria, California, Stewart "Paxton" Ginn, has been suspended for 18 months and fined $50,000 by FINRA, according to AdvisorHub. 
Read More

Bank of America and Merrill Lynch Settle with FINRA for Supervisory Failures

September 30th, 2024 at 3:37 PM
Bank of America and its subsidiary, Merrill Lynch, have agreed to a $3 million fine and censure as part of a settlement with FINRA over long-term supervisory failures.
Read More

UBS Faces Class Action Lawsuit Over Cash Sweep Programs

September 27th, 2024 at 11:52 AM
UBS has been hit with a class action lawsuit over its cash sweep programs, joining other major firms like LPL, Wells Fargo, and Ameriprise, which have faced similar litigation.
Read More

Former Army Financial Counselor Sentenced for Defrauding Gold Star Families

September 26th, 2024 at 10:28 AM
A former U.S. Army financial counselor, Caz Craffy, also known as “Carz Craffey”, was sentenced to 151 months in prison for defrauding Gold Star families and committing related crimes.
Read More

TESTIMONIALS

Previous
Next

I am so glad I found you! Wow! I appreciate your help, concern and guidance.

RB

LATEST NEWS AND ARTICLES

October 9, 2024
Charles Schwab Faces Lawsuit Over Failure to Prevent Elder Fraud in Computer Hack

A new lawsuit claims that Charles Schwab failed to protect an elderly client from a fraudulent scheme that drained her retirement savings.

October 8, 2024
Western International Securities Fined Over $1.5 Million for Failing to Detect Churning

Western International Securities, a California broker-dealer, has been ordered to pay over $1.5 million for failing to detect churning in 100 customer accounts.

October 7, 2024
SEC Enforcement Chief Gurbir Grewal to Step Down After Leading Major Crackdowns

Gurbir Grewal, Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), is stepping down after playing a central role in major enforcement actions against Wall Street and the cryptocurrency industry.