Eccleston Law Blog

Kyle Busch Alleges Considerable Losses in Indexed Universal Life (IUL) Scheme

November 24th, 2025 at 11:49 AM
Kyle Busch, a two-time NASCAR Cup Series champion, and his wife Samantha announced that they lost more than $8.6 million in what they describe as a “devastating financial scheme” involving an Indexed Universal Life (IUL) insurance policy.
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FINRA Fines Independent Financial Group for Allowing Suspended Broker to Place Trades

November 21st, 2025 at 10:56 AM
The Financial Industry Regulatory Authority (FINRA) issued a censure and $100,000 fine against Independent Financial Group (IFG) after finding that the IFG allowed a suspended and statutorily disqualified broker to continue placing trades.
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Supreme Alliance Fined for Failure to Supervise Variable Annuity Sales

November 20th, 2025 at 4:15 PM
The Financial Industry Regulatory Authority (FINRA) has fined Supreme Alliance $80,000 for failing to supervise recommendations and exchanges involving deferred variable annuities, as well as for failing to document background checks for newly hired registered representatives.
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Lawsuit Accuses Inspired Healthcare Capital of Concealing Insolvency

November 19th, 2025 at 2:06 PM
According to news sources, a new lawsuit alleges that Inspired Healthcare Capital (IHC) and its CEO, Luke Lee, misrepresented the company’s financial health and concealed insolvency from a lender who extended a $1.5 million loan in late 2024.  
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Former FINRA Brokers with Misconduct Histories Flock to Insurance Industry, According to Recent Study

November 18th, 2025 at 3:19 PM
A recent academic study reveals that thousands of brokers expelled from the securities industry for misconduct nonetheless continue to operate under state insurance licenses, often selling annuities and other financial products to unsuspecting clients.
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FINRA Launches Targeted Probe into Small-Cap Foreign IPO Underwriters

November 17th, 2025 at 2:15 PM
The Financial Industry Regulatory Authority (FINRA) has launched a targeted investigation into broker-dealer firms that helped small foreign companies go public in the U.S., marking its latest move to combat pump-and-dump schemes.
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FINRA Bars Former Edward Jones Broker in Crypto-Related Investigation

November 14th, 2025 at 9:32 AM
The Financial Industry Regulatory Authority (FINRA) has barred former Edward Jones representative Robert David Bienvenu for refusing to provide requested information and documents related to outside accounts and investments.
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Conservation Easement Crackdown: Understanding IRS Enforcement and Investor Risk

November 13th, 2025 at 9:20 AM
Conservation easements can serve as powerful legal tools that protect open land, preserve wildlife habitats, and offer legitimate tax benefits to property owners.
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Federal Judge Restrains Former UBS Advisors Amid Solicitation Dispute with Elevation Point

November 12th, 2025 at 9:28 AM
A federal judge in Florida has approved a stipulated order restricting a $1.4 billion advisory team that left UBS Wealth Management USA for RIA Elevation Point from contacting certain clients.
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FINRA Bars Advisor Over Misuse of Client Funds and Not Cooperating

November 11th, 2025 at 9:35 AM
The Financial Industry Regulatory Authority (FINRA) has barred former Raymond James financial advisor Jose A. Gamez after he failed to appear for testimony in connection with allegations that he used client funds for personal purposes.
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LATEST NEWS AND ARTICLES

December 10, 2025
SEC Highlights Rising Risks in RIA Consolidation and Focuses on Retailer Investor Protection

The Securities and Exchange Commission signaled heightened scrutiny of investment advisers involved in mergers and acquisitions, according to its newly released 2026 Examination Priorities.

December 9, 2025
The Vanishing Boundary Between Investing and Gambling

According to Bloomberg Law, there now are the tools, tactics, and a psychology of gambling that increasingly resembles those of retail trading.

December 8, 2025
Former Morgan Stanley Advisor Faces FINRA Action Over Undisclosed Loans from Elderly Client

FINRA filed a complaint against former Morgan Stanley advisor Kirk J. Crossen, alleging that he borrowed $400,000 from an 84-year-old customer experiencing early-stage dementia and concealed the loans from his firm.