Eccleston Law Blog

The Vanishing Boundary Between Investing and Gambling

December 9th, 2025 at 11:34 AM
According to Bloomberg Law, there now are the tools, tactics, and a psychology of gambling that increasingly resembles those of retail trading.
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Former Morgan Stanley Advisor Faces FINRA Action Over Undisclosed Loans from Elderly Client

December 8th, 2025 at 11:41 AM
FINRA filed a complaint against former Morgan Stanley advisor Kirk J. Crossen, alleging that he borrowed $400,000 from an 84-year-old customer experiencing early-stage dementia and concealed the loans from his firm.
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FINRA Fines Wedbush Securities for Margin-Securities and Disclosure Failures

December 5th, 2025 at 11:59 AM
The Financial Industry Regulatory Authority (FINRA) ordered Wedbush Securities to pay $150,000 after identifying significant compliance and supervisory failures involving customer margin securities and required bond-pricing disclosures.
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Webull Faces Scrutiny After Alleged Account Breach and Penny Stock Manipulation

December 4th, 2025 at 11:23 AM
An emerging investigation into Webull Financial centers on allegations that an unauthorized third party infiltrated the firm’s security systems, accessed customer brokerage accounts, liquidated existing holdings, and used the proceeds to purchase shares of Ten-League International Holdings Ltd.
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FINRA Sanctions Former Morgan Stanley Broker Over Unauthorized Transfers

December 3rd, 2025 at 2:40 PM
A longtime Morgan Stanley financial advisor agreed to a $5,000 fine and a two-month suspension after FINRA found that he executed multiple transfers from his former spouse’s retirement account without proper authorization, as reported by AdvisorHub.
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Crypto's Leverage Shakeout Exposes Structural Risks

December 2nd, 2025 at 2:56 PM
The crypto market’s recent downturn erased nearly $20 billion in leveraged positions within hours and half a trillion dollars in market value over a single weekend.
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UBS Winds Down Funds as First Brands Bankruptcy Ripples Through Global Markets

December 1st, 2025 at 11:16 AM
UBS Group AG has begun liquidating two invoice finance funds with direct exposure to First Brands Group, marking one of the earliest moves by a major financial institution to contain the fallout from the bankrupt auto-parts supplier’s collapse, as reported by Bloomberg Law.
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Former GWG Chair Charged in Alleged $150 Million Fraud Scheme as Investor Losses Mount

November 26th, 2025 at 1:42 PM
Federal prosecutors have intensified scrutiny of the long-running collapse of GWG Holdings Inc., unveiling criminal charges against Bradley Heppner, the former chair of both GWG and Beneficient.
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Financial Advisor Accepts FINRA Bar Amidst Investigation into Alleged Misappropriation

November 25th, 2025 at 3:12 PM
A financial advisor affiliated with a credit union connected to Raymond James Financial agreed to an industry bar after declining to cooperate with FINRA’s investigation into allegations that he misappropriated client funds.
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Kyle Busch Alleges Considerable Losses in Indexed Universal Life (IUL) Scheme

November 24th, 2025 at 11:49 AM
Kyle Busch, a two-time NASCAR Cup Series champion, and his wife Samantha announced that they lost more than $8.6 million in what they describe as a “devastating financial scheme” involving an Indexed Universal Life (IUL) insurance policy.
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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

December 9, 2025
The Vanishing Boundary Between Investing and Gambling

According to Bloomberg Law, there now are the tools, tactics, and a psychology of gambling that increasingly resembles those of retail trading.

December 8, 2025
Former Morgan Stanley Advisor Faces FINRA Action Over Undisclosed Loans from Elderly Client

FINRA filed a complaint against former Morgan Stanley advisor Kirk J. Crossen, alleging that he borrowed $400,000 from an 84-year-old customer experiencing early-stage dementia and concealed the loans from his firm.

December 5, 2025
FINRA Fines Wedbush Securities for Margin-Securities and Disclosure Failures

The Financial Industry Regulatory Authority (FINRA) ordered Wedbush Securities to pay $150,000 after identifying significant compliance and supervisory failures involving customer margin securities and required bond-pricing disclosures.