Eccleston Law Blog

Traders Engage in Boom-or-Bust Options in Stock Market

September 29th, 2023 at 10:36 AM
The stock options market is experiencing a surge in activity, as many individual investors are eagerly engaging in trades that expire within hours or days to take advantage of the volatile market swings.
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Former LPL Affiliate Compliance Chief Suspended by FINRA for Unauthorized $1 Million Transfer

September 28th, 2023 at 2:20 PM
The Financial Industry Regulatory Authority (FINRA) fined and suspended Jeffrey K. Kirkpatrick, a former chief compliance officer at a registered investment advisor previously affiliated with LPL.
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Former Creative Planning Staff File Lawsuit Challenging Non-Compete Agreements

September 27th, 2023 at 10:28 AM
Four former employees of Creative Planning have filed a lawsuit, alleging that their non-compete agreements with the firm unlawfully restrict their ability to work in the industry.
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Looming Real Estate Crisis Poses Risk to U.S. Banking Sector

September 26th, 2023 at 11:37 AM
With the current downturn in the commercial real estate market, trillions of dollars in loans and investments pose a looming threat to both the banking industry and potentially the broader economy.
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Legal Challenges Over 'Money-for-Nothing' Payments Gain Momentum

September 25th, 2023 at 11:37 AM
Apollo Global Management and Carlyle Group, two major private equity firms, now face investor lawsuits regarding payments made to insiders without apparent justification.
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State Regulators Maintain Opposition to FINRA's Remote Supervision Pilot Program

September 22nd, 2023 at 10:55 AM
The North American Securities Administrators Association (NASAA) and the Public Investor Advocate Bar Association (PIABA) has consistently opposed the Financial Industry Regulatory Authority's (FINRA) proposal for a voluntary three-year pilot program for remote inspections.
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SEC Charges Private Equity Firm Over Fee Disclosure Failures to Affiliate

September 21st, 2023 at 11:03 AM
The Securities and Exchange Commission (SEC) has charged Prime Group Holdings LLC, a private equity firm specializing in alternative real estate asset investments, withinadequate disclosure of millions of dollars in real estate brokerage fees paid to a brokerage firm owned by its CEO.
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SEC Orders Legendary Capital Founder and REIT Advisors to Pay Nearly $5 Million

September 20th, 2023 at 8:49 AM
Corey Maple, co-founder of non-traded REIT sponsor Legendary Capital, has agreed to a $100,000 civil penalty to settle charges brought by the Securities and Exchange Commission (SEC).
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Reg BI Violations Lead to FINRA's Fine on Another Broker-Dealer

September 19th, 2023 at 10:26 AM
The Financial Industry Regulatory Authority (FINRA) has fined and censured broker-dealer Network 1 Financial Securities and its chief compliance officer for violating Regulation Best Interest (Reg BI).
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Troubles at an Arizona Park Funded by Municipal Bonds Are a Warning to Investors

September 18th, 2023 at 2:20 PM
The recent financial troubles at a sports arena in Mesa, Arizona, demonstrate that not all municipal bonds are equally safe.
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LATEST NEWS AND ARTICLES

September 17, 2025
FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.

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.