Eccleston Law Blog

Former Morgan Stanley Advisor Banned for Profit-Sharing Scheme and Policy Violations

June 12th, 2025 at 3:41 PM
Joseph A. Eisler has agreed to a permanent ban from the brokerage industry, according to a recent settlement with the Financial Industry Regulatory Authority (“FINRA”).
Read More

CFP Board Announces Certification Fee Increase

June 10th, 2025 at 10:52 AM
The CFP Board of Directors has approved a $120 increase to the annual certification fee for CFP® professionals, raising the total to $575.
Read More

Investor Sues Both Schwab and Hightower Over Pledged Asset Line

June 9th, 2025 at 11:53 AM
A retiree has filed a lawsuit accusing Charles Schwab & Co. and Hightower Advisors of financial elder abuse, fraud, and breach of fiduciary duty.
Read More

FINRA Sanctions Former Broker for Unsuitable, High-Risk GWG Bond Sales

June 6th, 2025 at 1:45 PM
The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former advisor for what FINRA alleged were excessively risky investments that left clients exposed to significant losses.
Read More

UBS Seeks to Overturn $95 Million FINRA Award Over Tesla Shorting Strategy

June 5th, 2025 at 10:54 AM
UBS Wealth Management USA has filed a petition in federal court to vacate a nearly $95 million FINRA arbitration award, arguing the decision overstepped legal bounds and imposed punitive damages that defy Iowa law, as reported by AdvisorHub.
Read More

Jury Finds Cutter Financial Group Liable for Disclosure Failures in Annuity Sales

June 4th, 2025 at 3:50 PM
A federal jury in Massachusetts has found investment advisor Jeffrey Cutter and his firm, Cutter Financial Group, liable for failing to disclose significant commissions and conflicts of interest tied to an annuity replacement strategy sold to clients.
Read More

Former Merrill Edge Advisor Barred by FINRA Amid Misappropriation Allegations

June 3rd, 2025 at 11:01 AM
FINRA has barred Mario L. Martinez, a market leader with Merrill Edge in Fort Lauderdale, Florida, after he declined to cooperate with a regulatory investigation. According to AdvisorHub, the probe began following a tip that Martinezaccepted a loan from a client, among other alleged misconduct.
Read More

Revenue Sharing in Wealth Management Continues Despite Criticism

June 2nd, 2025 at 1:28 PM
Revenue sharing remains one of the wealth management industry’s most controversial and opaque practices.
Read More

Former LPL Advisor Sanctioned by FINRA Over Undisclosed Real Estate Venture

May 30th, 2025 at 1:43 PM
FINRA has fined a former LPL Financial advisor and suspended him for three months after allegations surfaced that he operated a real estate development business without his firm’s approval.
Read More

FINRA Sanctions Former Broker for Undisclosed Private Equity and Securities Activities

May 29th, 2025 at 9:51 AM
FINRA has sanctioned former registered representative Thomas A. Rapp for engaging in undisclosed outside business and private securities transactions while associated with M Holdings. The enforcement action stems from a Letter of Acceptance, Waiver and Consent (AWC) Rapp submitted under FINRA Rule 9216, resolving the matter without admitting or denying FINRA’s findings.
Read More

TESTIMONIALS

Previous
Next

I am so blessed to have you and your dynamic team defending me. Your ethics, forward thinking and strategies are amazing.  You guys are the best group of attorneys in the country that I could hire to handle this complicated case.

Cindy C.

LATEST NEWS AND ARTICLES

August 12, 2025
Margin Debt Hits $1 Trillion as Investor Risk Appetite Surges

According to Barron’s, investors are borrowing against their portfolios at record levels.

August 11, 2025
FINRA Suspends Broker for Impersonating Clients During Account Transfers

Chad M. Rogers, a former broker with Independent Financial Partners (IFP) in Oklahoma City, received a 45-day suspension and a $5,000 fine from FINRA after impersonating clients during phone calls to facilitate account transfers.

August 8, 2025
SEC Overturns FINRA Bar Against Former Rep, Issues Immediate Suspension Instead

In a rare move, the Securities and Exchange Commission (SEC) has scaled back an industry bar by the Financial Industry Regulatory Authority (FINRA) against former rep Thomas Lykos Jr., converting the sanction into a suspension that ended immediately upon the SEC's decision.