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Eccleston Law Blog

As Wealth Management Consolidation Accelerates, Some Advisors Reevaluate the Meaning of Independence

June 17th, 2026 at 12:10 PM
According to AdvisorHub, the independent wealth management industry has entered a new phase of evolution, prompting some advisors to question whether the firms that once championed independence now increasingly resemble the traditional institutions many advisors left behind.
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Cetera Hit With Class Action Lawsuit Over Cash Sweep Program

June 16th, 2026 at 3:39 PM
A proposed class action lawsuit has accused Cetera Financial Group and Cetera Investment Services of improperly profiting from customer cash held in the firms' FlexInsured Account Program, according to a report by ThinkAdvisor.
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New York Insurance Agent Pleads Guilty to $50 Million Ponzi Scheme

June 15th, 2026 at 12:08 PM
A New York insurance agent and tax preparer has pleaded guilty to operating a Ponzi scheme that allegedly defrauded nearly 1,000 investors out of more than $50 million over several decades, according to a report by InvestmentNews.
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FINRA Suspends Former LPL Broker Over Undisclosed Outside Business Activity

June 12th, 2026 at 11:53 AM
The Financial Industry Regulatory Authority (FINRA) has imposed a $5,000 fine and a 45-day suspension against former LPL Financial broker James R.
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FINRA Suspends Former Raymond James Representative for Improper Account Conversions and Unauthorized Trading

June 11th, 2026 at 12:23 PM
The Financial Industry Regulatory Authority (FINRA) sanctioned Paul D.
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Ameriprise Reports Second Data Breach in Less Than Six Months

June 10th, 2026 at 11:38 AM
Ameriprise Financial recently disclosed another data breach, marking the second cybersecurity incident involving the firm in less than six months.
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FINRA Arbitration Panel Orders &Partners and Broker to Pay Wells Fargo $1.25 Million

June 9th, 2026 at 2:04 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered &Partners and broker David M.
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FINRA Sanctions Oppenheimer for Misclassified Client Statements Involving CMOs

June 8th, 2026 at 1:34 PM
The Financial Industry Regulatory Authority (FINRA) has fined and censured Oppenheimer & Co.
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Redemption Pressure Mounts Across Private Credit and Non-Traded BDC Market

June 5th, 2026 at 12:19 PM
Investors continued pulling money from private credit and nontraded business development companies ("BDCs") during the first quarter of 2026 as concerns about liquidity and portfolio valuations intensified across the sector, according to reporting by InvestmentNews.
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Former Wells Advisor Alleges Age Discrimination

June 4th, 2026 at 11:49 AM
A former Wells Fargo senior private client financial advisor in Wisconsin has filed a federal lawsuit alleging the firm terminated him because of his age rather than an alleged workplace profanity incident.
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LATEST NEWS AND ARTICLES

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July 1, 2026
Private Credit Funds Face Scrutiny Over Software Exposure Amid Investor Concerns

Private credit fund managers are facing increased scrutiny over their exposure to software companies as investors continue to pull money from the sector during ongoing market volatility.

1782836587 Law
June 30, 2026
FINRA Signals Stronger Enforcement Focus on Reg BI, Excessive Trading, and Best Execution

The Financial Industry Regulatory Authority (FINRA) plans to intensify its enforcement efforts against Regulation Best Interest (Reg BI) violations, excessive trading, options trading, churning, and best execution failures after bringing a record number of retail investor protection cases in 2025, according to ThinkAdvisor.

1782744905 Law
June 29, 2026
Former Arvest Wealth Representative Sanctioned by FINRA Over Improper Use of Mistaken Commission Payment

The Financial Industry Regulatory Authority (FINRA) has suspended former Arvest Wealth representative Brandon Still for 18 months and fined him $5,000 after determining that he improperly used firm funds that were mistakenly deposited into his account.