Eccleston Law Blog

Understanding Alternative Investments and Risk Management

December 23rd, 2024 at 3:13 PM
Alternative investments once again are gaining traction, according to a recent article in InvestmentNews. 
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FINRA Sanctions Over 60 Advisors for Continuing Education Violations

December 20th, 2024 at 5:17 PM
FINRA has disciplined 62 advisors for cheating on New York’s continuing education (CE) requirements tied to insurance license renewals. 
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GPB Capital Investors See Progress as Court Confirms Receivership

December 19th, 2024 at 1:08 PM
In a significant development for investors in GPB Capital Holdings, the private equity firm will move into receivership following a prolonged legal battle.
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SEC Fines Cantor Fitzgerald $6.75 Million for Misleading SPAC Investors

December 18th, 2024 at 10:53 AM
The Securities and Exchange Commission (SEC) has charged Cantor Fitzgerald, L.P. with causing two special purpose acquisition companies (SPACs) under its control to make misleading statements to investors before their initial public offerings (IPOs). 
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Former Western Asset Management Co-CIO Charged with Fraud for Cherry-picking Trades

December 17th, 2024 at 10:58 AM
The SEC recently charged Ken Leech, former Co-CIO of Western Asset Management, with fraud. 
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Wells Fargo Advisors Tightens Rules on FiNet Advisors' Outside Investments

December 16th, 2024 at 11:22 AM
Wells Fargo Advisors has introduced a new policy requiring advisors in its Financial Network (FiNet) channel to seek company approval before accepting certain outside investments. 
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Merrill Lynch Advisor Penalized for CFP Exam Misconduct

December 13th, 2024 at 9:15 AM
Jeffrey Dattilo, a former Merrill Lynch advisor, has agreed to regulatory penalties for allegedly providing improper assistance to others taking the Certified Financial Planner (CFP) exam.
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Paychex Securities Advisor Penalized for Undisclosed Referral Agreement with RIA

December 13th, 2024 at 8:59 AM
A former advisor has agreed to a $7,500 fine and a six-month suspension following allegations of failing to disclose a referral agreement with an outside registered investment advisory (RIA) firm.
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Brokerage Firms Shift Away from Centralized Portfolio Management as Advisor Autonomy Grows

December 11th, 2024 at 11:03 AM
After years of promoting centralized portfolio management, brokerage firms are increasingly supporting advisors who prefer more control over investment decisions, according to AdvisorHub. 
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Former Wells Fargo Advisor Pleads Guilty to $3 Million Fraud Scheme

December 10th, 2024 at 11:18 AM
A former Wells Fargo advisor, Kenneth A. Welsh, has pleaded guilty to charges of wire fraud and investment advisor fraud after stealing over $3 million from his clients, according to WealthManagement.
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TESTIMONIALS

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

January 12, 2026
Florida Man Indicted in $36 Million Investment Fraud Scheme

According to news sources, federal prosecutors allege that a Florida man orchestrated a multimillion-dollar Ponzi scheme that funded a luxury lifestyle built on stolen investor money, according to the U.S. Department of Justice.

January 9, 2026
FINRA Sanctions Former Wells Fargo Advisor for Profile Falsification and Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) disciplined former Wells Fargo Advisors broker James E. Holmes III for misconduct tied to his falsifying customer information and unauthorized trading.

January 8, 2026
Georgia Investment Advisor Pleads Guilty to Ponzi Scheme

A former Georgia investment adviser has pleaded guilty to wire fraud after federal prosecutors accused his firm of operating a multiyear Ponzi scheme that cost investors millions of dollars, as reported by Financial Advisor News.