Eccleston Law Blog

FINRA Proposes Rule Change to Delay Immediate Sanctions Pending SEC Review

July 3rd, 2025 at 9:57 AM
The Financial Industry Regulatory Authority (“FINRA”) has proposed a rule change that would allow broker-dealers and registered representatives to seek a stay of certain disciplinary sanctions before those penalties take effect.
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SEC Panel Calls for Tighter Limits on RIAs' Mandatory Arbitration Clauses

July 2nd, 2025 at 2:16 PM
AdvisorHub reports that the Securities and Exchange Commission’s Investor Advisory Committee has finalized a recommendation urging the Securities and Exchange Commission (“SEC”) to rein in the use of mandatory arbitration clauses by registered investment advisers (“RIA”s).
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State Regulators Fine Five Major Broker-Dealers Nearly $10 Million for Excessive Commission Charges

July 1st, 2025 at 3:01 PM
A coalition of state securities regulators has ordered five broker-dealers — including Edward Jones, LPL Financial, RBC, Stifel, and TD Ameritrade — to pay almost $9.9 million in penalties for overcharging customers on small-value trades.
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SEC Charges New Mexico Investment Advisor with Fee Fraud and Fiduciary Breaches

June 30th, 2025 at 2:46 PM
The Securities and Exchange Commission (“SEC”) has charged David A. Nagler and his firm, New Line Capital LLC, with defrauding clients through deceptive fee disclosures and undisclosed conflicts of interest.  
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FINRA Sanctions Advisor for Accepting $1 Million Inheritance from Client Without Firm Approval

June 27th, 2025 at 12:18 PM
FINRA has fined and suspended veteran advisor Kenneth J. Malm for accepting a $1 million inheritance from a client without receiving the necessary firm approval.
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SEC Charges Marine Veteran in $2.5 Million Ponzi Scheme

June 26th, 2025 at 12:11 PM
The Securities and Exchange Commission (“SEC”) has charged Marine Corps veteran Christopher Aubin with fraud, accusing him of running a $2.5 million Ponzi scheme that defrauded dozens of investors, including several of his former military colleagues.
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FINRA Fines and Suspends Advisor for Selling Away and Receiving Client Loans

June 25th, 2025 at 11:26 AM
The Financial Industry Regulatory Authority (“FINRA”) has sanctioned Jose Antonio “Tony” Navarro for selling unapproved investments and borrowing funds from clients.
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Dr. Cash Sentenced for Defrauding Retirees

June 24th, 2025 at 10:05 AM
Terrence Chalk, an unregistered investment advisor who operated under the alias “Dr. Cash,” has been sentenced to three years in prison for orchestrating a fraudulent investment scheme that defrauded millions from unsuspecting victims.
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FINRA Fines AAG Capital for RILA Exchange Violations

June 23rd, 2025 at 1:47 PM
The Financial Industry Regulatory Authority (“FINRA”) has fined AAG Capital $100,000 and ordered the firm to pay nearly $39,000 in restitution after finding it violated Regulation Best Interest (“Reg BI”) by recommending costly registered index-linked annuities (“RILAs") to retail clients in unsuitable product exchanges.
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SEC Charges Former Real Estate CEO in $46 Million Investment Fraud Scheme

June 19th, 2025 at 11:21 AM
The Securities and Exchange Commission (“SEC”) has charged Kenneth Mattson, former CEO of LeFever Mattson, with orchestrating a $46 million investment fraud scheme that targeted approximately 200 investors, many of them retired senior citizensfrom his church community in California.
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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.