Eccleston Law Blog

Eighth Circuit Rejects Emergency Injunction in Advisor Departure Dispute

February 27th, 2026 at 12:21 PM
A federal appeals court ruled against an advisory firm seeking immediate, injunctive relief after a team of advisors left with hundreds of millions in client assets.
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FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

February 26th, 2026 at 3:35 PM
A former advisor affiliated with Cambridge Investment Research has been barred from the securities industry after declining to comply with a regulatory investigation, according to the Financial Industry Regulatory Authority (FINRA).
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Advisors Increase Crypto Allocations as Merrill Lynch Warns of Significant Risks

February 25th, 2026 at 10:57 AM
Financial advisors are placing more client assets into digital currencies, even as major firms caution investors about the asset class's volatility and speculative nature.
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Merrill Lynch Highlights AI Risks as FINRA Urges Greater Oversight of Emerging Technology

February 24th, 2026 at 1:57 PM
Merrill Lynch has warned that the expanded use of artificial intelligence and machine learning introduces material operational, compliance, and cybersecurity risks for advisory firms.
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Drive Planning Founder Pleads Guilty to $380 Million Ponzi Scheme

February 23rd, 2026 at 2:01 PM
Todd Burkhalter, founder and chief executive officer of Drive Planning LLC, has pleaded guilty to wire fraud after admitting he orchestrated a $380 million Ponzi scheme that defrauded more than 2,000 investors.
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Edward Jones Expands Equity-Style Awards to Thousands More Advisors

February 20th, 2026 at 2:19 PM
Edward D. Jones & Co. has expanded eligibility for its “profits interest” award, extending the equity-style incentive to thousands more advisors, according to a Securities and Exchange Commission filing reviewed by AdvisorHub.
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Wall Street Journal Analysis Questions Investor Gains Following DuPont's Decade-Long Breakup

February 19th, 2026 at 2:07 PM
A Wall Street Journal analysis has raised questions about investor returns following DuPont’s multi-year corporate restructuring, which divided the historic conglomerate into multiple independent companies.
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American Portfolios Ordered to Pay $4.6 Million in Restitution Over Cash Sweep Program Disclosures

February 18th, 2026 at 10:50 AM
The Financial Industry Regulatory Authority (FINRA) has ordered American Portfolios Financial Services to return $4.6 million to customers and pay monetary sanctions after determining that the firm overcharged investors and failed to properly disclose how it generated revenue through a cash sweep program.
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FINRA Fines Kingswood Capital Partners $150,000 for Supervisory Failures in GWG L Bond Sales

February 17th, 2026 at 3:47 PM
The Financial Industry Regulatory Authority (FINRA) censured and fined San Diego–based broker-dealer Kingswood Capital Partners $150,000 after finding supervisory failures tied to sales of high-risk GWG L bonds.
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FINRA Removes Arbitrators in Stifel Case, Drawing Scrutiny Over Impartiality Standards

February 16th, 2026 at 11:53 AM
FINRA agreed to remove two potential arbitrators from an upcoming Stifel Financial arbitration tied to former Miami-based broker Chuck Roberts, a move that could carry broad implications for investor arbitration.
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LATEST NEWS AND ARTICLES

February 27, 2026
Eighth Circuit Rejects Emergency Injunction in Advisor Departure Dispute

A federal appeals court ruled against an advisory firm seeking immediate, injunctive relief after a team of advisors left with hundreds of millions in client assets.

February 26, 2026
FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

A former advisor affiliated with Cambridge Investment Research has been barred from the securities industry after declining to comply with a regulatory investigation, according to the Financial Industry Regulatory Authority (FINRA).

February 25, 2026
Advisors Increase Crypto Allocations as Merrill Lynch Warns of Significant Risks

Financial advisors are placing more client assets into digital currencies, even as major firms caution investors about the asset class's volatility and speculative nature.