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Eccleston Law Blog

Former Wells Advisor Alleges Age Discrimination

June 4th, 2026 at 11:49 AM
A former Wells Fargo senior private client financial advisor in Wisconsin has filed a federal lawsuit alleging the firm terminated him because of his age rather than an alleged workplace profanity incident.
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Starwood REIT Suspends Most Redemptions Amid Liquidity Pressure

June 3rd, 2026 at 1:19 PM
Starwood Real Estate Income Trust (SREIT) has announced a temporary suspension of its share repurchase program for most investors.
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SEC Charges California Trader in Alleged $43 Million Ponzi-Like Scheme

June 2nd, 2026 at 11:49 AM
The Securities and Exchange Commission (SEC) has filed a civil action against a California day trader accused of operating a $43 million Ponzi-like scheme that allegedly defrauded more than 400 investors.
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Massachusetts Regulators Fine Fidelity $1.25 Million Over Data Breach Allegations

June 1st, 2026 at 11:49 AM
Massachusetts regulators has fined Fidelity Brokerage Services $1.25 million over allegations that the firm failed to adequately protect customer information and properly notify all affected individuals following a significant data breach.
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SEC Investigating Fraud Allegations in Private Credit Industry

May 29th, 2026 at 2:34 PM
The Securities and Exchange Commission (SEC) actively is investigating allegations of fraud involving private credit firms, signaling continued regulatory scrutiny of the rapidly expanding sector.
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FINRA Adopts New Rules to Accelerate Arbitration for Elderly and Vulnerable Investors

May 28th, 2026 at 2:21 PM
The Financial Industry Regulatory Authority (FINRA) has adopted amendments to its Code of Arbitration Procedure to expedite arbitration proceedings for certain eligible parties, according to regulatory updates.
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FINRA Sanctions Cambridge Investment Research for Supervisory Failure in Variable Annuity Exchanges

May 27th, 2026 at 1:06 PM
The Financial Industry Regulatory Authority (FINRA) has censured Cambridge Investment Research and ordered the firm to pay nearly $280,000 after finding that it failed to properly supervise variable annuity exchanges, according to AdvisorHub.
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Blue Owl Caps Redemptions as Investors Seek Billions in Withdrawals from Private Credit Funds

May 22nd, 2026 at 11:48 AM
Blue Owl Capital faced a sharp rise in redemption requests during the first quarter as investors attempted to withdraw approximately $5.4 billion from two of the firm's largest private credit funds, according to reporting by the Wall Street Journal.
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Edward Jones Faces Federal Privacy Lawsuits Over Alleged Data Sharing With Tech Companies

May 21st, 2026 at 1:18 PM
Edward Jones is facing multiple lawsuits alleging that the firm improperly shared clients' personal and financial information with third-party technology companies for targeted advertising purposes, according to reporting by Financial Planning.
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FINRA Sanctions Ameriprise for Supervisory Failures in Variable Annuity Exchanges

May 20th, 2026 at 10:33 AM
The Financial Industry Regulatory Authority (FINRA) has fined Ameriprise Financial Services and ordered restitution to resolve allegations that the firm failed to adequately supervise certain variable annuity exchange recommendations.
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LATEST NEWS AND ARTICLES

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Financial Services Institute Backs New Jersey Bill Protecting Independent Advisor Model

The Financial Services Institute (FSI) has urged New Jersey lawmakers to advance legislation that would help preserve the independent contractor status of financial advisors operating in the state.

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Private Credit Funds Face Scrutiny Over Software Exposure Amid Investor Concerns

Private credit fund managers are facing increased scrutiny over their exposure to software companies as investors continue to pull money from the sector during ongoing market volatility.

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FINRA Signals Stronger Enforcement Focus on Reg BI, Excessive Trading, and Best Execution

The Financial Industry Regulatory Authority (FINRA) plans to intensify its enforcement efforts against Regulation Best Interest (Reg BI) violations, excessive trading, options trading, churning, and best execution failures after bringing a record number of retail investor protection cases in 2025, according to ThinkAdvisor.