Tr?id=566623520170033&ev=PageView&noscript=1

Eccleston Law Blog

FINRA Bars Massachusetts Advisor For Failing to Cooperate With Regulator’s Investigation

April 29th, 2022 at 1:34 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former advisor, Philip Riposo, for failing to cooperate with the regulator’s investigation.     
Read More

Arbitrators Clear Former Merrill Advisor Of Former Partner’s Misconduct

April 28th, 2022 at 1:23 PM
A former Kentucky-based Merrill advisor will have his record cleared of an investor complaint pertaining to the conduct of his former partner who was convicted of theft, according to a Financial Industry Regulatory Authority (FINRA) arbitration award.    
Read More

SEC Accuses Former Morgan Stanley Advisor of Conducting a Ponzi Scheme

April 27th, 2022 at 1:05 PM
The Securities and Exchange Commission (SEC) has accused a former Morgan Stanley advisor of using client funds to cover personal expenses including a Tesla vehicle, credit card bills and cash transfers.    
Read More

Former UBS Advisor Pleads Guilty to Spending Client Funds on Girlfriends’ Gifts

April 26th, 2022 at 11:49 AM
A former UBS advisor has pleaded guilty to misappropriating $5.8 million in client funds primarily to cover gifts for girlfriends, according to the Securities and Exchange Commission (SEC).    
Read More

SEC Obtains TRO and Asset Freeze Against Alleged Perpetrators of $450 Million Ponzi Scheme

April 25th, 2022 at 12:21 PM
The Securities and Exchange Commission (SEC) has charged and obtained an asset freeze against numerous Las Vegas-based individuals and entities for allegedly operating a $450 million Ponzi scheme involving purported personal injury settlements.    
Read More

Unregistered Advisors Perpetrate Scheme While Concealing Disciplinary Histories

April 22nd, 2022 at 1:48 PM
The Securities and Exchange Commission (SEC) has filed suit against two unregistered advisors for hiding their disciplinary records from investors while engaging in a scheme that generated at least $9 million.    
Read More

GWG Holdings Announces Chapter 11 Bankruptcy

April 21st, 2022 at 12:10 PM
GWG Holdings has filed for Chapter 11 bankruptcy. Its woes have included failing to submit its 2021 yearly report to the SEC in April because the firm has yet to employ a new auditor.    
Read More

FINRA Bars Former Edward Jones Advisor Who Refused to Repay $893K

April 20th, 2022 at 2:58 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former Edward Jones advisor who failed to cooperate with a probe into allegations that he refused to return $893,289 to one of his clients.    
Read More

FINRA Suspends Former Morgan Stanley Advisor Who Circumvented Sales Limits

April 19th, 2022 at 1:36 PM
The Financial Industry Regulatory Authority (FINRA) has imposed a $15,000 fine and 20-month suspension on a former Morgan Stanley advisor who allegedly falsified client information in order to circumvent sales restrictions on volatile fixed income investments.      
Read More

GPB Capital Announces Sale of Land in New Jersey

April 19th, 2022 at 8:31 AM
GPB Capital Holdings announced that it has sold land in New Jersey that was previously owned by one of its private placement funds.    
Read More

TESTIMONIALS

Previous
Next
Quotes Bigger

I want to extend a tremendous thank you for your dedication, professionalism, hard work and patient demeanor through this challenging time. It was enjoyable interacting with everyone on your team, this certainly helped while dealing with the situation and working towards resolution.

Dan M.

LATEST NEWS AND ARTICLES

1790867615 Law
October 1, 2026
Prosecutors Target Multimillion-Dollar Investment Schemes Involving Promissory Notes

Federal prosecutors recently pursued two investment fraud cases involving promissory notes that caused combined investor losses exceeding $25 million.

1790789328 Law
September 30, 2026
SEC Approves FINRA Overhaul of Outside Business Activity Rules

The Securities and Exchange Commission (SEC) has approved FINRA's long-awaited overhaul of the rules governing outside business activities and private securities transactions by financial advisors.

1790700476 Law
September 29, 2026
Texas Investment Adviser Sentenced to 11 Years for $35 Million Ponzi Scheme

A federal judge has sentenced Siddharth Jawahar, who operated Texas-based investment adviser Swiftarc Capital, to 11 years in prison for running a $35 million Ponzi scheme.