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Eccleston Law Blog

Cash Sweep Litigation Continues to Drive Legal Costs

August 14th, 2026 at 3:14 PM
Cash sweep litigation continues to increase legal costs for wealth management firms despite the Securities and Exchange Commission's (SEC) decision under the Trump administration to close pending investigations without imposing enforcement penalties, according to AdvisorHub.
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FINRA Orders Centaurus Financial to Pay $1.1 Million Over Variable Annuity Supervision Failures

August 13th, 2026 at 11:59 AM
The Financial Industry Regulatory Authority (FINRA) has ordered Centaurus Financial Inc.
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Proposed FINRA Enforcement Reforms Draw Mixed Reactions From Industry Participants

August 12th, 2026 at 12:59 PM
A new report recommending changes to the Financial Industry Regulatory Authority's (FINRA) enforcement program has generated mixed reactions from investor advocates, securities attorneys and industry professionals, according to ThinkAdvisor.
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FINRA Fines RBC Capital Markets $275,000 Over Anti-Money Laundering Compliance Deficiencies

August 10th, 2026 at 4:47 PM
The Financial Industry Regulatory Authority (FINRA) has censured and fined RBC Capital Markets $275,000 after determining that the firm failed to establish and implement reasonable anti-money laundering (AML) policies and procedures.
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Federal Judge Rejects Merrill Lynch's Renewed Bid to Force Dynasty Into FINRA Arbitration

August 10th, 2026 at 4:44 PM
A federal judge has denied Merrill Lynch's second attempt to compel Dynasty Financial Partners to arbitrate a high-profile dispute arising from allegations that the registered investment adviser (RIA) platform orchestrated the departure of a large Atlanta-based advisory team, according to AdvisorHub.
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Account Takeover Fraud Continues to Rise as Cybercriminals Refine Their Tactics

August 6th, 2026 at 11:15 AM
Cybercriminals continue to refine account takeover schemes, driving billions of dollars in losses for businesses and consumers each year.
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FINRA Arbitration Panel Orders Arkadios Capital to Pay $2.7 Million in Ponzi Scheme-Related Claim

August 5th, 2026 at 12:59 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Arkadios Capital to pay $2.7 million in damages to an investor who alleged the firm failed to supervise a former registered representative whose father operated a long-running Ponzi scheme, according to InvestmentNews.
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SEC Fines Former LPL Broker $125,000 for Undisclosed Conflicts in Private Securities Offerings

August 4th, 2026 at 11:44 AM
The Securities and Exchange Commission (SEC) has censured a former LPL Financial broker and imposed a $125,000 civil penalty after finding that he failed to disclose conflicts of interest related to private real estate securities offerings that generated nearly $1.5 million in compensation, as reported by AdvisorHub.
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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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SEC Bars Advisor for Unauthorized Trades and Client Data Misuse

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