Eccleston Law Blog

Federal Judge Approves $91.3 Million in GWG Holdings Bankruptcy Settlements

July 21st, 2025 at 9:22 AM
A federal bankruptcy judge in Houston has approved $91.3 million in settlements from several professional firms, company founders, and former executives tied to the collapse of GWG Holdings Inc.
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Former LPL Advisor Suspended for Beneficiary Designation Violations

July 17th, 2025 at 1:46 PM
A former LPL Financial advisor has agreed to an eight-month suspension and a $5,000 fine after the Financial Industry Regulatory Authority (FINRA) found he improperly named his immediate family members as beneficiaries on a client’s accounts without firm approval.
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Former CFA Institute Executive Charged in $5 Million Embezzlement Scheme

July 16th, 2025 at 11:05 AM
Michael J. Collins, the former chief marketing officer of the CFA Institute, has been accused of embezzling nearly $5 million from the financial education organization through a long-running fraud scheme designed to fund a lavish personal lifestyle.
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Former Advisor Sues Prime Capital Again Over Unpaid Equity Redemption

July 15th, 2025 at 2:07 PM
A former San Diego-based advisor has filed a second lawsuit against Prime Capital Financial, alleging breach of contract after the firm failed to honor agreed-upon terms related to his equity buyout.
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Wisconsin Man Charged in $15.8 Million Ponzi Scheme Disguised as Investment Advisory Business

July 14th, 2025 at 11:40 AM
Federal authorities have charged a Wisconsin man with orchestrating a multimillion-dollar Ponzi scheme that defrauded more than 120 investors over six years.
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FINRA Advances Proposal to Allow Limited Use of Performance Projections

July 11th, 2025 at 2:17 PM
The Financial Industry Regulatory Authority (“FINRA”) is moving forward with a proposal that would give broker-dealers limited ability to market performance projections and targeted returns under specific conditions.
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SEC Permanently Bars Brite Advisors USA Over Custody Rule Violations and Undisclosed Conflicts

July 10th, 2025 at 2:08 PM
The SEC has permanently barred Brite Advisors USA from operating as an investment adviser, citing serious custody rule violations and undisclosed conflicts of interest tied to its offshore affiliate, as reported by Financial Advisor News.
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UBS Confirms Data Breach After Cyberattack on External Vendor

July 9th, 2025 at 2:43 PM
UBS Group AG has confirmed that a cyberattack on one of its third-party suppliers resulted in stolen company information, though no client data was compromised.
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Veteran Advisors Challenge Focus Financial Overbroad Non-Competes in Federal Court

July 8th, 2025 at 3:48 PM
Two former advisors from Edge Capital Group have filed a federal lawsuit challenging what they describe as excessively restrictive employment agreements following their departure amid a major merger.
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Maryland Bars Financial Advisor Over Excessive Fees and Unsuitable Investments

July 7th, 2025 at 12:03 PM
The Maryland Securities Commissioner has barred financial advisor Timothy Pickett and his firm, Blue Anchor Capital Management, from operating in the securities industry within the state.
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LATEST NEWS AND ARTICLES

January 9, 2026
FINRA Sanctions Former Wells Fargo Advisor for Profile Falsification and Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) disciplined former Wells Fargo Advisors broker James E. Holmes III for misconduct tied to his falsifying customer information and unauthorized trading.

January 8, 2026
Georgia Investment Advisor Pleads Guilty to Ponzi Scheme

A former Georgia investment adviser has pleaded guilty to wire fraud after federal prosecutors accused his firm of operating a multiyear Ponzi scheme that cost investors millions of dollars, as reported by Financial Advisor News.

January 7, 2026
FINRA Releases 2026 Regulatory Oversight Report, Spotlighting Private Placement Compliance Risks

The Financial Industry Regulatory Authority (FINRA) released its 2026 Annual Regulatory Oversight Report, responding directly to member feedback and reinforcing its stated mission to protect investors and promote market integrity.