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Eccleston Law Blog

Audit Firms Agree to $46 Million Settlement in GPB Capital Fraud Case

June 18th, 2025 at 2:09 PM
In a significant development in the GPB Capital fraud litigation, several audit firms have agreed to pay a combined $46 million to settle claims tied to their alleged involvement in the $1.8 billion scheme that impacted roughly 15,000 investors, as reported by DI Wire.
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FINRA Sanctions Former Advisor for Unsuitable Variable Annuity Exchanges

June 17th, 2025 at 11:40 AM
The Financial Industry Regulatory Authority (FINRA) has fined and suspended former broker Thomas Vigil for making unsuitable variable annuity recommendations that resulted in customers paying higher fees.
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GPB Capital Executives Sentenced for Fraud in Private Placement Scheme

June 16th, 2025 at 1:54 PM
Two former top executives at GPB Capital Holdings received prison sentences for their roles in a years-long investment fraud scheme.
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New York Tax Preparer Charged in $50 Million Ponzi Scheme

June 13th, 2025 at 11:52 AM
New York’s Attorney General announced the arrest of Miles Burton Marshall, an upstate New York tax preparer and insurance agent accused of orchestrating a decades-long Ponzi scheme that defrauded nearly 1,000 investors out of more than $50 million.
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Former Morgan Stanley Advisor Banned for Profit-Sharing Scheme and Policy Violations

June 12th, 2025 at 3:41 PM
Joseph A. Eisler has agreed to a permanent ban from the brokerage industry, according to a recent settlement with the Financial Industry Regulatory Authority (“FINRA”).
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CFP Board Announces Certification Fee Increase

June 10th, 2025 at 10:52 AM
The CFP Board of Directors has approved a $120 increase to the annual certification fee for CFP® professionals, raising the total to $575.
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Investor Sues Both Schwab and Hightower Over Pledged Asset Line

June 9th, 2025 at 11:53 AM
A retiree has filed a lawsuit accusing Charles Schwab & Co. and Hightower Advisors of financial elder abuse, fraud, and breach of fiduciary duty.
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FINRA Sanctions Former Broker for Unsuitable, High-Risk GWG Bond Sales

June 6th, 2025 at 1:45 PM
The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former advisor for what FINRA alleged were excessively risky investments that left clients exposed to significant losses.
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UBS Seeks to Overturn $95 Million FINRA Award Over Tesla Shorting Strategy

June 5th, 2025 at 10:54 AM
UBS Wealth Management USA has filed a petition in federal court to vacate a nearly $95 million FINRA arbitration award, arguing the decision overstepped legal bounds and imposed punitive damages that defy Iowa law, as reported by AdvisorHub.
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Jury Finds Cutter Financial Group Liable for Disclosure Failures in Annuity Sales

June 4th, 2025 at 3:50 PM
A federal jury in Massachusetts has found investment advisor Jeffrey Cutter and his firm, Cutter Financial Group, liable for failing to disclose significant commissions and conflicts of interest tied to an annuity replacement strategy sold to clients.
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LATEST NEWS AND ARTICLES

1784905692 Law
July 24, 2026
Independent Review Recommends Sweeping Changes to FINRA's Enforcement Program

An independent review commissioned by the Financial Industry Regulatory Authority (FINRA) recommends significant changes to the regulator's enforcement program, including adopting a statute of limitations, expanding due process protections, and providing greater credit to firms that cooperate during investigations, according to AdvisorHub.

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July 23, 2026
Cresset Sues Former Advisor Over Alleged Client Solicitation and Competing RIA Launch

Cresset Capital Management has filed a lawsuit in Illinois state court against a former advisor, alleging that he began building a competing registered investment advisory firm and soliciting clients while still employed by the Chicago-based wealth management firm.

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July 22, 2026
Barred Oregon Financial Advisor Pleads Guilty to $1.6 Million Investment Fraud

A former Oregon financial advisor has pleaded guilty to fraud after admitting to a long-running scheme that caused investors to lose more than $1.6 million.