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Eccleston Law Blog

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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FINRA Panel Awards $160K in Broker Poaching Dispute Between Former Ameriprise Teammates

August 7th, 2025 at 4:23 PM
A FINRA arbitration panel has ordered Kraig R. Bode, an independent broker now affiliated with Sanctuary Wealth, to pay $160,000 in damages to his former teammate, Seth C. Murray, stemming from allegations of client solicitation following Bode’s departure from Ameriprise Financial in October 2021.
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Ex-Schwab Representative Suspended Two Years and Fined for Concealing Profit-Sharing Agreement

August 6th, 2025 at 11:46 AM
The Financial Industry Regulatory Authority (FINRA) has suspended former Charles Schwab & Co. Inc. representative Daniel Michael Roper for two years.
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