Eccleston Law Blog

KBS Realty Advisors Fund Faces Uncertainty Amidst Commercial Real Estate Challenges

March 14th, 2024 at 10:46 AM
According to a regulatory filing cited by the Dallas Morning News, KBS Real Estate Investment Trust III has raised concerns about its future viability.
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FINRA Implements Reforms to Arbitrator Selection Process

March 13th, 2024 at 9:34 AM
The Financial Industry Regulatory Authority (“FINRA”) is rolling out reforms to its arbitration forum's panel selection process.
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Morgan Stanley Advisor Barred for Allegedly Embezzling $58,000 from Clients

March 12th, 2024 at 1:09 PM
Chingyuan "Gary" Chang, a former broker and investment adviser at Morgan Stanley, has been permanently barred from the securities industry by the Securities and Exchange Commission (SEC) for purportedly stealing over $58,000 from four customer accounts.
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Citigroup and Wells Fargo Advisor Charged with Defrauding Clients in Movie Investment Scam

March 11th, 2024 at 1:44 PM
Helen Grace Caldwell, a former Illinois financial advisor with Citigroup and Wells Fargo, is facing federal wire fraud charges for allegedly cheating three clients out of $1.5 million through a fraudulent movie investment scheme.
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SEC Chair Gensler Addresses AI Challenges and Conflict-of-Interest Proposals

March 8th, 2024 at 10:37 AM
SEC Chair Gary Gensler highlighted the dual nature of artificial intelligence (AI), acknowledging its vast opportunities for humanity while also underscoring its regulatory challenges, particularly concerning conflicts of interest in investing.
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FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

March 7th, 2024 at 1:26 PM
A former Edward Jones advisor, Alexandra P. Bovee (also known as Alexandria Montgomery), has accepted an industry bar rather than cooperate with the FinancialIndustry Regulatory Authority's (FINRA) investigation into her alleged involvement with a cannabis growing company labeled a Ponzi scheme.  
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CFP Board Survey Reveals Lucrative Compensation for Certified Financial Planners

March 6th, 2024 at 1:46 PM
According to the inaugural compensation survey conducted by the Certified Financial Planner (CFP) Board, financial planners enjoy substantial earnings when they areCertified Financial Planners (CFPs).
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Mariner Wealth Advisors Face Legal Heat as Competitors Allege Aggressive Recruiting Tactics

March 5th, 2024 at 11:24 AM
Mariner Wealth Advisors has recently become the target of multiple lawsuits from competitors, including Edelman Financial Engines, Avantax, and RWA Wealth Partners.
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New York Attorney General Sues Citibank

March 4th, 2024 at 2:48 PM
New York Attorney General Letitia James has shifted away from her filing a politically motivated action to now file a lawsuit against Citibank, accusing the bank ofinadequately safeguarding customers from online banking scams and refusing to reimburse victims.
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LPL Financial Agrees to $6 Million Settlement with FINRA Over Regulation Best Interest Lapses

March 1st, 2024 at 11:34 AM
LPL Financial has agreed to pay over $6 million to settle charges by FINRA, alleging violations of Regulation Best Interest in recommending trades involving certain listed business development companies.
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LATEST NEWS AND ARTICLES

September 16, 2025
Former Morgan Stanley Advisors Win Partial Court Victory in Client Solicitation Dispute

Two former Morgan Stanley advisors in Hackensack, New Jersey have defeated Morgan Stanley’s initial effort to block them from soliciting clients, according to an August 15 order from New Jersey Superior Court.

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.