Eccleston Law Blog

Delaware Regulators Fine Kovack Advisors $985,000

February 6th, 2026 at 11:57 AM
Kovack Advisors Inc., the registered investment adviser affiliate of independent broker-dealer Kovack Securities Inc., agreed to pay a $985,000 fine to Delaware securities regulators.
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FINRA Fines Broker-Dealer for Repeated Form CRS Disclosure Failures

February 5th, 2026 at 4:16 PM
The Financial Industry Regulatory Authority (FINRA) fined VSI Securities Inc., formerly known as Venecredit Securities Inc., $20,000 for failing to accurately disclose the firm’s disciplinary history in its customer relationship summary, known as Form CRS.
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Investor Redemptions Rise in Nontraded BDCs Amid Credit Concerns

February 4th, 2026 at 2:51 PM
Financial advisors and their clients have increased redemptions from nontraded business development companies (BDCs) following a series of high-profile corporate bankruptcies, according to InvestmentNews. The surge highlights growing investor concern about liquidity and credit exposure within these high-yield but often risky investment vehicles.
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FINRA Accuses Spartan Capital of Widespread Churning That Allegedly Harmed Customers

February 3rd, 2026 at 1:42 PM
The Financial Industry Regulatory Authority (FINRA) has brought a disciplinary complaint against Spartan Capital Securities and several senior leaders of the New York City–based broker-dealer, alleging that the firm facilitated excessive trading that generated millions of dollars in revenue while causing substantial losses to customers.
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California Investors Allege Unsuitable DST Recommendations in FINRA Arbitration

February 2nd, 2026 at 10:59 AM
Two investors from the San Francisco Bay Area have filed a FINRA arbitration claim against brokerage firm Realized Financial and its financial advisors.
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FINRA Arbitration Panel Orders J.P. Morgan to Amend Form U-5, Flags Potential Pattern of Conduct

January 30th, 2026 at 1:26 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel recently issued an unusually detailed decision in a dispute between J.P. Morgan Securities and former advisor Joshua David Sappi Biering, shedding rare light on how a firm may deploy - and sometimes abuse - the Form U-5 during advisor departures.
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OFAC Targets Individual Trustee, Sending a Clear Warning to Fiduciaries and Family Offices

January 29th, 2026 at 1:09 PM
In a rare move, the Office of Foreign Assets Control (OFAC) penalized a former U.S. government official, underscoring that professional gatekeepers can face personal liability for sanctions violations tied to trust administration.
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FINRA Advances Overhaul of Outside Business Activity Rules to the SEC

January 28th, 2026 at 2:22 PM
FINRA formally has advanced its proposed overhaul of outside business activity (OBA) regulations to the Securities and Exchange Commission.
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FINRA Sanctions, Criminal Cases, and Industry Bars in 2025

January 27th, 2026 at 3:31 PM
AdvisorHub has compiled a year-end review of enforcement actions and criminal proceedings.
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FINRA Enforcement Actions for Reg BI Violations Surge Past 2024 Levels

January 26th, 2026 at 3:28 PM
The Financial Industry Regulatory Authority (FINRA) already has brought more Regulation Best Interest cases in 2025 than it did during all of 2024, according to statements from the regulator’s top enforcement official and a review of FINRA’s disciplinary records by AdvisorHub.
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LATEST NEWS AND ARTICLES

February 20, 2026
Edward Jones Expands Equity-Style Awards to Thousands More Advisors

Edward D. Jones & Co. has expanded eligibility for its “profits interest” award, extending the equity-style incentive to thousands more advisors, according to a Securities and Exchange Commission filing reviewed by AdvisorHub.

February 19, 2026
Wall Street Journal Analysis Questions Investor Gains Following DuPont's Decade-Long Breakup

A Wall Street Journal analysis has raised questions about investor returns following DuPont’s multi-year corporate restructuring, which divided the historic conglomerate into multiple independent companies.

February 18, 2026
American Portfolios Ordered to Pay $4.6 Million in Restitution Over Cash Sweep Program Disclosures

The Financial Industry Regulatory Authority (FINRA) has ordered American Portfolios Financial Services to return $4.6 million to customers and pay monetary sanctions after determining that the firm overcharged investors and failed to properly disclose how it generated revenue through a cash sweep program.