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Eccleston Law Blog

FINRA Launches Review of High-Risk Structured Notes Sales and Supervision

August 3rd, 2026 at 11:59 AM
The Financial Industry Regulatory Authority (FINRA) has launched a regulatory sweep examining the sale of high-risk structured products, with particular attention on non-principal protected "worst-of" structured notes, according to AdvisorHub.
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Former Alabama Financial Advisor Barred After Selling His Practice

July 31st, 2026 at 4:59 PM
A federal court entered final judgment against former Alabama advisor James Blake Daughtry, permanently barring him from the securities industry.
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CFP Board Proposes New Rules for Handling Expunged Criminal Records

July 30th, 2026 at 12:16 PM
The CFP Board has announced that it is considering a proposal to change how it treats applicants with expunged criminal convictions, according to Wealth Management.
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Edward Jones Invests in Fintech Firm Focused on Preventing Elder Financial Fraud

July 29th, 2026 at 1:01 PM
Edward D.
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Merrill Lynch Fined by FINRA for Failing to Report More Than 1,600 Customer Complaints

July 28th, 2026 at 10:46 AM
Merrill Lynch has agreed to pay a $225,000 fine and accept a censure to resolve allegations that it failed to properly identify and report more than 1,600 customer complaints submitted through post-call surveys, according to a Financial Industry Regulatory Authority (FINRA) Acceptance, Waiver and Consent letter ("AWC").
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Independent Review Recommends Sweeping Changes to FINRA's Enforcement Program

July 24th, 2026 at 11:08 AM
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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Cresset Sues Former Advisor Over Alleged Client Solicitation and Competing RIA Launch

July 23rd, 2026 at 1:53 PM
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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Barred Oregon Financial Advisor Pleads Guilty to $1.6 Million Investment Fraud

July 22nd, 2026 at 11:20 AM
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.
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Merrill Lynch Settles Another NFL Player's Claim Related to Financial Advisor Isaiah Williams

July 21st, 2026 at 11:52 AM
Merrill Lynch has agreed to pay $1.25 million to resolve claims brought by former NFL player Sean L.
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FINRA Arbitration Panel Awards Former J.P. Morgan Financial Advisor $4.25 Million in Defamation Case

July 20th, 2026 at 2:52 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel awarded a former J.P.
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FINRA Suspends Two Former Brokers Over $8 Million Private Securities Transactions

The Financial Industry Regulatory Authority (FINRA) has suspended two former brokers in Yorba Linda, California, for 10 months and fined each $10,000 over allegations that they participated in the sale of approximately $8 million in promissory notes issued by a private equity fund without their firm's approval, according to AdvisorHub.

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United Capital Revives Lawsuit Against Osaic

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