Eccleston Law Blog

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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Second Circuit Rejects Morgan Stanley's Bid to Overturn ERISA Ruling

August 5th, 2025 at 2:25 PM
Morgan Stanley has once again hit a roadblock in its effort to overturn a federal court decision that applies the Employee Retirement Income Security Act of 1974 (ERISA) protections to its deferred compensation plan.
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FINRA Bars Former Stifel Broker Amid $133 Million Arbitration Fallout

August 4th, 2025 at 11:15 AM
The Financial Industry Regulatory Authority (FINRA) has barred former Stifel Financial broker Chuck A. Roberts after a wave of investor complaints linked to his sale of structured products culminated in a $133 million arbitration award and tens of millions in additional settlements.
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TESTIMONIALS

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

LATEST NEWS AND ARTICLES

September 15, 2025
California Young-Gun Investor Charged in Alleged $6 Million Ponzi Scheme

Federal prosecutors have accused Mihir Deepak Sukthankar, a California resident once celebrated as a teenage trading “prodigy,” of orchestrating a multi-million-dollar Ponzi scheme.

September 12, 2025
LPL Broker Fined and Suspended for Recommending Risky Investments to Elderly Client

An LPL Financial broker in Elizabethtown, Kentucky, has agreed to sanctions after FINRA found he violated Regulation Best Interest (Reg BI) when recommending unsuitable investments to an elderly customer.

 

September 11, 2025
Montana Federal Judge Allows Family's Premium Financing Claims to Proceed

A federal judge in Montana has allowed a family to move forward with negligence, fraud, and unjust enrichment claims tied to a premium-financed life insurance arrangement valued at $67.5 million.