Eccleston Law Blog

CFP Board Faces Criticism for Omitting Key Disclosures from Public Search Tool

August 21st, 2025 at 3:55 PM
The CFP Board promotes its certificants as the “most trusted” financial professionals and directs consumers to its LetsMakeAPlan.org search tool. However, a Financial Planning analysis reveals a significant gap between the Board’s records and those maintained by FINRA’s BrokerCheck database.
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LPL Financial Faces Lawsuit Over Alleged California Labor Code Violations

August 20th, 2025 at 3:14 PM
LPL Financial is facing a lawsuit in California Superior Court alleging widespread wage and hour violations affecting non-exempt employees across the state.
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UBS Hit with $737,000 FINRA Arbitration Award Over Mismanaged Tesla Options Strategy

August 19th, 2025 at 4:21 PM
UBS Financial Services has been ordered to pay $737,000 in damages and fees after a former Tesla executive accused the firm of mishandling an options strategy involving his concentrated stock position.
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Stifel Drops Advisor Chuck Roberts Amid Legal Fallout from Failed Structured Notes Strategy

August 18th, 2025 at 4:19 PM
Stifel Financial Corp. has parted ways with Chuck Roberts, a high-profile financial advisor whose investment strategies have triggered a wave of costly legal complaints.
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FINRA Bars Former Ameriprise Advisor Over $2.2 Million in Client Loans

August 15th, 2025 at 1:42 PM
The Financial Industry Regulatory Authority (FINRA) has permanently barred former Ameriprise Financial broker Eric A. Dupre for borrowing more than $2.2 million from clients without firm authorization.
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Florida Investment Advisor Accused of Orchestrating $94 Million Fraud Targeting International Clients

August 14th, 2025 at 1:46 PM
Federal prosecutors have charged Andrew Hamilton Jacobus, a former investment adviser based in Fort Lauderdale, Florida, with defrauding international investors of over $94 million over 20 years.
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FINRA Suspends Financial Advisor for Outsourcing Continuing Education Requirements

August 13th, 2025 at 1:50 PM
The Financial Industry Regulatory Authority (FINRA) has suspended advisor Francis G. Smith for one month and fined him $5,000 after finding he had someone else complete required continuing education (CE) coursework on his behalf.
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Margin Debt Hits $1 Trillion as Investor Risk Appetite Surges

August 12th, 2025 at 2:13 PM
According to Barron’s, investors are borrowing against their portfolios at record levels.
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FINRA Suspends Broker for Impersonating Clients During Account Transfers

August 11th, 2025 at 11:51 AM
Chad M. Rogers, a former broker with Independent Financial Partners (IFP) in Oklahoma City, received a 45-day suspension and a $5,000 fine from FINRA after impersonating clients during phone calls to facilitate account transfers.
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SEC Overturns FINRA Bar Against Former Rep, Issues Immediate Suspension Instead

August 8th, 2025 at 1:41 PM
In a rare move, the Securities and Exchange Commission (SEC) has scaled back an industry bar by the Financial Industry Regulatory Authority (FINRA) against former rep Thomas Lykos Jr., converting the sanction into a suspension that ended immediately upon the SEC's decision.
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Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

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LATEST NEWS AND ARTICLES

September 5, 2025
Merrill Lynch Advisor Faces FINRA Disciplinary Action for Refusing to Cooperate with Investigation

The Financial Industry Regulatory Authority (FINRA) has initiated disciplinary proceedings against former Merrill Lynch broker Ali F. Chehab of Portland, Oregon. According to ThinkAdvisor, FINRA alleges that he refused to cooperate in an investigation into potential misconduct, including unauthorized trading and material misrepresentati...

September 4, 2025
Wells Fargo Ties $2,000 Bonus to Non-Solicitation Clause, Raising Advisor Concerns

Wells Fargo & Co. recently issued a $2,000 bank-wide award to its 215,000 employees, following the Federal Reserve’s June decision to lift its asset growth restrictions.

September 3, 2025
Kansas City Advisory Firms Agree to $25.5 Million Settlement Over No-Poach Allegations

Mariner Wealth Advisors, along with two other Kansas City-area firms, has agreed to a $25.5 million class action settlement over allegations that they illegally agreed not to solicit each other’s advisors.