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Eccleston Law Blog

SEC Issues Warning Related to Single-Stock Levered and Inverse ETFs

July 27th, 2022 at 2:19 PM
The Securities and Exchange Commission (SEC) has released a statement addressing single-stock levered and inverse exchange-traded funds (ETFs), which soon will enter the market.
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SEC Issues Investor Warning Related to Single-Stock ETFs

July 26th, 2022 at 3:32 PM
While the Securities and Exchange Commission (SEC) has regularly updated its regulatory framework to address the introduction of complex exchange-traded products (ETPs), the SEC now is warning investors about single-stock exchange-traded funds (ETFs), which are set to soon hit the market.
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$1.8 Million SEC Judgement Against Advisor Upheld on Appeal

July 25th, 2022 at 1:27 PM
The Securities and Exchange Commission (SEC) has convinced the U.S. Court of Appeals for the Seventh Circuit to uphold a $1.8 million judgment imposed on an advisor accused of fraud.
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Reg BI Lands in Top 15 of Customer Disputes in FINRA Arbitration

July 22nd, 2022 at 12:52 PM
After taking effect nearly two years ago, Regulation Best Interest (Reg BI) has entered the top 15 of FINRA arbitration claims.
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CFP Board Issues 17 Sanctions in its Recent Round of Disciplinary Actions

July 21st, 2022 at 12:55 PM
The Certified Financial Planner Board of Standards (CFP Board) recently issued sanctions against 17 CFP professionals for a host of violations, including attempting to cheat on the CFP exam, failing to pay taxes, and stealing reward points from an employer’s credit card.
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SEC Charges Former LPL Advisor With Misappropriating $1.7 Million

July 20th, 2022 at 2:39 PM
The Securities and Exchange Commission (SEC) has charged a former LPL advisor with misappropriating $1.7 million from at least three clients to cover personal expenses, including the purchase of a house.
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Here’s How FINRA Spent Its Fine Proceeds In 2021

July 19th, 2022 at 1:59 PM
The Financial Industry Regulatory Authority (FINRA) imposed fines worth up to $90.1 million in 2021, which was a substantial increase from the $57 million issued in 2020.
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Notable 2022 Ponzi Schemes

July 18th, 2022 at 3:15 PM
Several notable Ponzi schemes have been uncovered so far in 2022.
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FINRA Orders D.E. Shaw to Pay Former Fund Manager $52 Million in Defamation Suit

July 15th, 2022 at 12:21 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered D.E. Shaw to pay a former fund manager $52 million, which constitutes one of the largest defamation awards in nearly a decade. 
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CFP Board Suspends Advisor Over Improper GWG Bond Sales

July 14th, 2022 at 12:25 PM
The Certified Financial Planner Board of Standards Inc. (CFP Board) has issued an interim suspension against Patrick Egan, who is an advisor at Western International Securities, a firm recently charged by the SEC for violating Regulation Best Interest (Reg BI).
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