Eccleston Law Blog

SEC Focuses on Increased Scrutiny for Hybrid Firms in 2024 Examination Priorities

November 15th, 2023 at 1:16 PM
As the ranks of hybrid advisor-brokers, registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), continue to grow, regulators are intensifying their scrutiny.
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Willis Towers Watson PLC Files Lawsuit Against Alliant, Alleging Employee Poaching

November 14th, 2023 at 2:45 PM
Willis Towers Watson PLC has filed a lawsuit against Alliant Insurance Services Inc. in a federal district court in Richmond, Virginia.
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BREIT's September Performance Records Negative Total Return

November 13th, 2023 at 10:26 AM
Blackstone Real Estate Income Trust (“BREIT”), sponsored by The Blackstone Group, has updated the net asset values (NAV).
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High Net Worth Investors Surge in Pre-IPO Securities Market

November 10th, 2023 at 10:55 AM
High Net Worth Investors (HNWIs) have recently emerged as the dominant buyers in this market segment.
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Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

November 9th, 2023 at 2:20 PM
Safeguard Metals and its sole owner, Jeffrey Ikahn, reportedly defrauded customers to whom it promoted gold IRAs, resulting in alleged losses of $68 million as reported recently by InvestmentNews.
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Former Advisor Sanctioned for GPB Capital Sales

November 8th, 2023 at 4:16 PM
The Financial Industry Regulatory Authority (FINRA) has fined and suspended Arni J. Diamond for improperly selling limited partnership units in GPB Automotive Portfolio LP and GPB Waste Management LP.
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Record $61 Million Settlement Reached in GE's 401(k) Lawsuit

November 7th, 2023 at 1:25 PM
General Electric has reached a $61 million settlement in a protracted lawsuit concerning its 401(k) plan, marking one of the largest settlements in ERISA litigation history.
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Former Morgan Stanley Advisor Barred by SEC for Misappropriating Client Funds

November 6th, 2023 at 1:17 PM
The Securities and Exchange Commission (SEC) issued an order barring Ronald E. Filoramo, a former Morgan Stanley advisor.
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Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

November 3rd, 2023 at 1:15 PM
An advisor who faced FINRA disciplinary action attempted to stop the proceedings in a D.C. federal court.
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Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

November 2nd, 2023 at 11:29 AM
Morgan Stanley Wealth Management has informed its approximately 15,000 advisors that, to maintain their current payout in the upcoming year, many will need to increase their revenue, according to a recent article in AdvisorHub.
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If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.

LATEST NEWS AND ARTICLES

December 18, 2025
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December 17, 2025
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In 2023, the CFA Institute Board of Governors approved targeted revisions to the Standards of Professional Conduct, adding one new standard and updating two others.