Eccleston Law Blog

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. 
Read More

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. 
Read More

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.
Read More

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.
Read More

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. 
Read More

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.
Read More

Court Dismisses Whistleblower Lawsuit Against Fidelity Investments

December 9th, 2024 at 11:14 AM
A federal court has dismissed a whistleblower lawsuit filed by a former financial advisor against Fidelity Investments. According to ThinkAdvisor, the case involves allegations that the company fired him for reporting unethical practices.
Read More

Former Tesla and Lyft Executive Launches ETF Firm

December 6th, 2024 at 1:22 PM
Jon McNeill, a former executive at Tesla and Lyft and co-founder of venture firm DVx Ventures, has partnered with ETF pioneer Adam Patti to launch VistaShares, an asset management firm specializing in ETFs centered on artificial intelligence and electrification.
Read More

SEC Charges Boca Raton Advisor with $2.1 Million Fraud Scheme

December 5th, 2024 at 3:58 PM
The U.S. Securities and Exchange Commission (SEC) has charged David Kushner, a Boca Raton, Florida resident, and his company, La Mancha Funding Corp., with defrauding nearly two dozen investors out of approximately $2.1 million.
Read More

Wells Fargo Advisors Ordered to Pay $500,000 for Misuse of Former Advisor's Name

December 4th, 2024 at 3:55 PM
Wells Fargo Advisors must pay nearly $500,000 in damages to Nicholas Takahashi, for allegedly using his name on their website long after he left for a competitor.
Read More

TESTIMONIALS

Previous
Next

You are the best attorneys in the country.

CC

LATEST NEWS AND ARTICLES

March 4, 2026
Modern Fraud Schemes Escalate in Scale and Sophistication

A recent panel discussion at the Financial Services Institute OneVoice conference in San Diego highlighted how rapidly evolving fraud schemes continue to victimize both retail and wealthy investors.

March 3, 2026
FINRA Suspends Former Stifel Broker Over Costly Account Switching Trades

The Financial Industry Regulatory Authority (FINRA) suspended a former Stifel, Nicolaus & Co.

March 2, 2026
FINRA Suspends Cetera Broker for Accepting $50,000 Client Bequest Without Firm Approval

The Financial Industry Regulatory Authority (FINRA) imposed a $10,000 fine and a seven-month suspension on an independent broker for accepting a $50,000 bequest from a client without obtaining prior firm approval.