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Eccleston Law Blog

Former Two Sigma Quant Researcher Faces Fraud Charges Over Manipulated Models

October 10th, 2025 at 1:45 PM
Federal prosecutors and the Securities and Exchange Commission (SEC) have filed parallel actions against Jian Wu, a former quantitative researcher at Two Sigma Investments, alleging he secretly manipulated algorithmic trading models to boost his own compensation by millions of dollars.
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Former Merrill Lynch Advisors Fight Allegations of Corporate Raid

October 9th, 2025 at 10:26 AM
A dozen former Merrill Lynch advisors who launched their own firm, OpenArc Corporate Advisory, in Atlanta are pushing back against accusations that they orchestrated a “pre-meditated corporate raid.”
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Northern Trust Sues Former Advisor for Alleged Fraud and Breach of Fiduciary Duty

October 8th, 2025 at 3:07 PM
According to ThinkAdvisor, Northern Trust Company has filed suit against former wealth management relationship advisor Christopher Walters, alleging that he engaged in “blatant fraud” and breached his fiduciary duty to both the firm and a longtime client.  
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Tricolor Bankruptcy Sparks DOJ Probe and Distress in Subprime Auto Loan Market

October 7th, 2025 at 11:05 AM
Tricolor Holdings, a subprime auto lender that combined used-car sales with high-interest financing for borrowers with limited or no credit history, has collapsed into bankruptcy amid a federal investigation into alleged fraud.
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Judge Allows Widow's $8 Million FINRA Arbitration Claim Against JPMorgan to Proceed

October 6th, 2025 at 2:14 PM
JPMorgan Chase & Co. failed in its effort to block an 85-year-old widow from pursuing claims in FINRA arbitration over allegations that the bank failed to prevent her son from siphoning more than $8 million from her accounts.
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SEC Charges Pennsylvania Man in $400 Million Ponzi Scheme

October 3rd, 2025 at 2:10 PM
The Securities and Exchange Commission (SEC) has charged Daryl F. Heller of Pennsylvania, along with his companies Prestige Investment Group, LLC, and Paramount Management Group, LLC, for operating a Ponzi scheme that caused investor losses of roughly $400 million.
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Mercer Advisors Expands Westward with Two RIA Acquisitions

October 2nd, 2025 at 2:48 PM
Mercer Advisors has strengthened its presence in the West by acquiring two registered investment advisory firms with offices in Oregon, Idaho, and Southern California.
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New Jersey Investor Sues Advisor and Insurers Over Premium Financing Losses

October 1st, 2025 at 1:54 PM
A New Jersey resident has filed suit against a financial advisor, his firm, two insurance companies, and other parties over losses tied to a premium financing arrangement for life insurance.  
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SEC Fines Vanguard $19.5 Million for Disclosure Failures in Advisor Compensation Program

September 30th, 2025 at 3:06 PM
The Securities and Exchange Commission (SEC) has censured and fined Vanguard Advisers $19.5 million, alleging the firm failed to properly disclose financial incentives tied to its Personal Advisor Services (PAS) program.
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SEC Unveils Ambitious Regulatory Agenda

September 29th, 2025 at 3:03 PM
The Securities and Exchange Commission (SEC) has released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, signaling a sweeping shift in rulemaking priorities.
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